This, from our counterpartrs at The American Association for Long-Term Care Insurance

The Internal Revenue Service (IRS) has just announced the increased deductibility levels for long-term care insurance policies purchased in 2010 -  There are several positive things worth noting … and sharing with others.

First, the maximum deductible limit for an individual now exceeds $4,000.  That should get some people's attention - even though few individuals qualify for the personal deduction.  Second, the levels were increased for 2010.  Pension contribution limits for 2010 were NOT increased.

2010 editions of both the Business Owner's Guide to Long-Term Care Insurance as well as the Accountant's guide will be in print soon.  Here is the link to order 2010 editions of the brochures online:
https://www.aaltci.org/ltc-marketing/tools/brochures/order.php

Here are the 2010 limits:

Attained Age Before Close of Taxable Year
Age 40 or less:  $ 330
More than 40 but not more than 50:      $ 620
More than 50 but not more than 60:  $1,230
More than 60 but not more than 70:  $3,290
More than 70:  $4,110

The per-diem limitation under 7702(d)(4) for calendar year 2010 is $290.