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H&R Block Income Tax Course Chapter 6 Pg 6.6 Exam Questions With Solutions $18.49   Add to cart

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H&R Block Income Tax Course Chapter 6 Pg 6.6 Exam Questions With Solutions

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H&R Block Income Tax Course Chapter 6 Pg 6.6 Exam Questions With Solutions If the taxpayer paid premiums for a qualified long-term care insurance contract, they may be able to? Deduct all or part of these insurance premiums based on their age To see the amount a taxpayer may deduct for qualif...

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  • October 19, 2024
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H&R Block Income Tax Course Chapter 6 Pg
6.6 Exam Questions With Solutions

If the taxpayer paid premiums for a qualified long-term care insurance contract, they may be able

to? Deduct all or part of these insurance premiums based on their age




To see the amount a taxpayer may deduct for qualified long-term care insurance contract

premiums? See IRS Publication 502, Medical and Dental Expenses, page 11




You can include the following as medical expenses on Schedule A (Form 1040):


Qualified long-term care premiums up to the following amounts. a. Age 40 or under -

$380.

b. Age 41 to 50 - $710.

c. Age 51 to 60 - $1,430.

d. Age 61 to 70 - $3,800.

e. Age 71 or over - $4,750.

Unreimbursed expenses for qualified long-term care services

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