AGE OF INDIVIDUAL BEFORE CLOSE OF TAX YEAR...
Maximum deductible premium for Year 2014:
- 40 or less
- $370
- More than 40 but not more than 50
- $700
- More than 50 but not more than 60
- $1,400
- More than 60 but not more than 70
- $3,720
- More than 70
- $4,660
Maximum deductible premium for Year 2015:
- 40 or less
- $380
- More than 40 but not more than 50
- $710
- More than 50 but not more than 60
- $1,430
- More than 60 but not more than 70
- $3,800
- More than 70
- $4,750