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Old 03-04-2004, 12:35 AM
Nan Eklund
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Default Re: Long Term Care Policy Deduction

The limits are based on age and per taxpayer. For 2003 the
limits for someone between 61 and 70 are $2,510 each.

For 2004 the limits are between 61 and 70 $$2,600; more
than 70 $3,250.

Nan, EA in LA

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  #1  
Old 03-03-2004, 01:31 AM
Arthur L. Rubin
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Default Re: Long Term Care Policy Deduction

D.D. Palmer wrote:

- quote -

> It seems to me that there are limits to how much you can
> deduct for long term care policies. My mother turned 67 in
> July, 2003 and my father turned 69 in December, 2003. What
> are the limits for them?


I believe I answered this on misc.taxes. The limit
is (IIRC) $2,150 each, from this year's publication 502.

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Old 03-03-2004, 01:12 AM
Herb Smith
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Default Re: Long Term Care Policy Deduction

"D.D. Palmer" <ddpalmer[at]hotmail.com> wrote:

- quote -

> It seems to me that there are limits to how much you can
> deduct for long term care policies. My mother turned 67 in
> July, 2003 and my father turned 69 in December, 2003. What
> are the limits for them?


The limits are in your Schedule A instructions.

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  #-1  
Old 03-02-2004, 04:29 AM
D.D. Palmer
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Default Long Term Care Policy Deduction

It seems to me that there are limits to how much you can
deduct for long term care policies. My mother turned 67 in
July, 2003 and my father turned 69 in December, 2003. What
are the limits for them?

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care, deduction, long, policy, term
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