Qualified Medical Expense Tax Deductions for Long Term Care Services
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Qualified Medical Expense Tax Deductions for Long Term Care Services

Business Entity Selection and the Tax Consequences of Converting

Qualified Medical Expense Tax Deductions for Long Term Care Services

Medical expenses include amounts paid for the diagnosis, cure,
mitigation, treatment, or prevention of disease under IRC 213, as well as amounts paid for qualified long-term care services under IRC 7702B. You may deduct certain medical expenses that are paid during the year and that are not compensated for by insurance to the extent that the expenses exceed 7.5% of your adjusted gross income. This is done as an itemized deduction on schedule A of form 1040.

This is reinforced by the tax court case of Estate of Lillian Baral, Deceased, David H. Baral, Administrator, Petitioner v.
Commissioner of Internal Revenue, Respondent 137 T.C. No.1

According to IRC Sec. 7702B(c) the term qualified long-term care services means the necessary diagnostic, preventative, therapeutic, curing, treating, mitigating, and rehabilitative services and maintenance or personal care services required by a chronically-ill individual and provided pursuant to a plan of care prescribed by a licensed health care practitioner.

A chronically-ill individual means any individual who has been certified by a licensed health care practitioner as, among other conditions, requiring substantial supervision to protect the individual from threats to health and safety due to severe
cognitive impairment.

A licensed health care practitioner means any physician,
registered professional nurse, licensed social worker, or other individual who meets requirements prescribed by the