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No, long term care insurance premiums are not an adjustment to income for self-employed persons. However they are deductible as medical expenses on Schedule A subject to the 7.5% floor. There are limits to the amount that can be deducted depending on your age. For instance for 2002 you could deduct $240 if you are age 40 or less, $450 age 41-50, $900 age 51-70, $2390 age 61-70 and $2990 age 71 and over. I don't know if this is increased for 2003 but the adjustment for self employed health insurance deduction is increased to 100% of qualified premiums for 2003 and beyond.
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