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Department of Taxation and Finance

Long-term care insurance credit

Who is eligible? 

You're entitled to this nonrefundable credit if you or your business pays premiums for qualifying long-term care insurance policies.

Note: Individual taxpayers (including nonresident and part-year resident taxpayers) may claim the credit only if the taxpayer’s New York adjusted gross income is less than $250,000. 

How much is the credit?

The allowable credit is 20% of the premiums paid during the tax year for the purchase of, or for continuing coverage under a qualifying long-term care insurance policy.

The credit amount cannot exceed $1,500. 

Additional information 

  • Form CT-249, Claim for Long-Term Care Insurance Credit (for corporations); or
  • Form IT-249Claim for Long-Term Care Insurance Credit, and its instructions (for all others).
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