| | | | Protection PlanningEligible long-term care premium deduction limits:
| LTC premium deduction limits | 2024 | 2025 |
|---|
| Age 40 or under | $470 | $480 | | Age 41-50 | $880 | $900 | | Age 51-60 | $1,760 | $1,800 | | Age 61-70 | $4,710 | $4,810 | | Over age 70 | $5,880 | $6,020 |
Per diem limit:
| LTC periodic payments | 2024 | 2025 |
|---|
| Periodic payments for qualified long-term care insurance/certain life insurance | $410 | $420 |
Archer Medical Savings Accounts
| High deductible health plan--self-only coverage | 2024 | 2025 |
|---|
| Annual deductible--minimum | $2,800 | $2,850 | | Annual deductible--maximum | $4,150 | $4,300 | | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed | $5,550 | $5,700 |
| High deductible health plan--family coverage | 2024 | 2025 |
|---|
| Annual deductible--minimum | $5,550 | $5,700 | | Annual deductible--maximum | $8,350 | $8,550 | | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed | $10,200 | $10,500 |
Flexible spending account (FSA) for health care
| Health care FSAs | 2024 | 2025 |
|---|
| Maximum salary reduction contribution | $3,200
| $3,300 |
Health Savings Accounts (HSAs)
| Annual contribution limit | 2024 | 2025 |
|---|
| Self-only coverage | $4,150 | $4,300 | | Family coverage | $8,300 | $8,550 |
| High deductible health plan--self-only coverage | 2024 | 2025 |
|---|
| Annual deductible--minimum | $1,600 | $1,650 | | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed | $8,050 | $8,300 |
| High deductible health plan--family coverage | 2024 | 2025 |
|---|
| Annual deductible--minimum | $3,200 | $3,300 | | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed | $16,100 | $16,600 |
| Catch-up contributions | 2024 | 2025 |
|---|
| Annual catch-up contribution limit for individuals age 55 or older | $1,000
| $1,000
|
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| | | | | The information contained herein is based on sources believed to be reliable, but its accuracy cannot be guaranteed. The articles, information, calculators, and opinions presented herein are for general information only and are not intended to provide specific advice or recommendations for any individual. New Capital Management does not provide tax, accounting, or legal advice. All decisions regarding the tax or legal implications of your investments and finances should be made with your tax or legal advisor. New Capital Management is not a bank, mortgage lender, or broker. Nothing herein should be construed as an offer or commitment to lend. Any calculations are provided as educational tools, are hypothetical in nature, depend wholly on information you provide, do not assume the effects of all pertinent factors, and are not intended to provide investment advice or serve as a financial plan.
This communication is strictly intended for individuals residing in the state(s) of TX. No offers may be made or accepted from any resident outside the specific states referenced. | | Prepared by Broadridge Advisor Solutions Copyright 2025. |
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