Long-term care insurance credit
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.
For additional information on claiming this credit, see:
- 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, Form IT-249-I (for all others)