Long-term care insurance credit
Who is eligible?
You're entitled to this nonrefundable credit if:
- you or your business pay premiums for qualifying long-term care insurance policies.
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.
- Form CT-249, Claim for Long-Term Care Insurance Credit (for corporations); or
- Form IT-249, Claim for Long-Term Care Insurance Credit, and its instructions (for all others).