Yes, long-term care insurance premiums are tax deductible up to certain limits. The tax deductibility of long-term care insurance premiums depends on the age of the insured individual and the total amount of the premiums. According to the IRS, the maximum amount of long-term care insurance premiums that can be deducted as a medical expense is based on the age of the insured individual. For the tax year 2023, the maximum deductible amounts are as follows: Age 40 or under: $450 Age 41 to 50: $850 Age 51 to 60: $1,690 Age 61 to 70: $4,520 Age 71 and over: $5,640 It's important to note that these amounts are subject to change, so it's advisable to consult with a tax professional or refer to the latest IRS guidelines for the most up-to-date information.