Premiums for long-term care are treated the same as health care premiums and are deductible on your taxes subject to certain limitations. For individuals age 40 or younger at the end of 2015, the limitation is $380. Persons more than 40 but not more than 50 can deduct $710. Those more than 50 but not more than 60 can deduct $1,430, while individuals more than 60 but not more than 70 can deduct $3,800. The maximum deduction is $4,750 and applies to anyone more than 70 years of age.