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Long-term care insurance credit

Generated from the gc-benefits catalog. It lists what the owner record states. It is not an eligibility decision; confirm current rules with the program.

You're entitled to this nonrefundable credit if you or your business pays premiums for qualifying long-term care insurance policies. 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. Note: For individual taxpayers (including nonresident and part-year resident taxpayers) the credit amount cannot exceed $1,500.

  • Owner record: ny/long-term-care-insurance-credit
  • Jurisdiction code: NY
  • Frame: household
  • Review by: 2026-11-13
  • Authority: New York State Department of Taxation and Finance

Offering 1: tax_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. Note: For individual taxpayers (including nonresident and part-year resident taxpayers) the credit amount cannot exceed $1,500.

  • Availability (owner codes): {"intake": "unknown", "type": "unknown"}

Conditions:

  • Any one of these:
  • Stated condition, not checked automatically: "your business pays premiums for qualifying long-term care insurance policies"
  • All of these:
    • Stated condition, not checked automatically: "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."
    • Stated condition, not checked automatically: "you pay premiums for qualifying long-term care insurance policies"

Access route 1.1

  • Where: Form CT-249 (for corporations)
  • How: Claim using Form CT-249 and its instructions: https://www.tax.ny.gov/pdf/current_forms/ct/ct249i.pdf
  • Url: https://www.tax.ny.gov/pdf/current_forms/ct/ct249.pdf

Access route 1.2

  • Where: Form IT-249 (for all others)
  • How: Claim using Form IT-249 and its instructions: https://www.tax.ny.gov/pdf/current_forms/it/it249i.pdf
  • Url: https://www.tax.ny.gov/pdf/current_forms/it/it249_fill_in.pdf

Owner confirmations

  • /authority: sha256:5ba5898d6056ae805c35515aaf58d6da539ecd4dd8a80ef26f939b15426deb04
  • /offerings/0/rules: sha256:f3b691bc7e2474853f7713221f29028234fb460d86b85d3a2380aa95ca236739

Evidence

  • /name: "# Long-term care insurance credit" (source, capture 8f20d3d6a1f442c689c316f4faa3cf8f1636563917df30edf9275bbe179e4a9c)
  • /caregiving_effect: "You're entitled to this nonrefundable credit if you or your business pays premiums for qualifying long-term care insurance policies." (source, capture 8f20d3d6a1f442c689c316f4faa3cf8f1636563917df30edf9275bbe179e4a9c)
  • /caregiving_effect: "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." (source, capture 8f20d3d6a1f442c689c316f4faa3cf8f1636563917df30edf9275bbe179e4a9c)
  • /caregiving_effect: "Note: For individual taxpayers (including nonresident and part-year resident taxpayers) the credit amount cannot exceed $1,500." (source, capture 8f20d3d6a1f442c689c316f4faa3cf8f1636563917df30edf9275bbe179e4a9c)
  • /authority: "## Department of Taxation and Finance" (source, capture 8f20d3d6a1f442c689c316f4faa3cf8f1636563917df30edf9275bbe179e4a9c)
  • /offerings/0/summary: "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." (source, capture 8f20d3d6a1f442c689c316f4faa3cf8f1636563917df30edf9275bbe179e4a9c)
  • /offerings/0/summary: "Note: For individual taxpayers (including nonresident and part-year resident taxpayers) the credit amount cannot exceed $1,500." (source, capture 8f20d3d6a1f442c689c316f4faa3cf8f1636563917df30edf9275bbe179e4a9c)
  • /offerings/0/rules: "You're entitled to this nonrefundable credit if you or your business pays premiums for qualifying long-term care insurance policies." (source, capture 8f20d3d6a1f442c689c316f4faa3cf8f1636563917df30edf9275bbe179e4a9c)
  • /offerings/0/rules: "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." (source, capture 8f20d3d6a1f442c689c316f4faa3cf8f1636563917df30edf9275bbe179e4a9c)
  • /offerings/0/access/0: "* Form CT-249, Claim for Long-Term Care Insurance Credit, and its instructions(for corporations); or\n* Form IT-249,Claim for Long-Term Care Insurance Credit, and its instructions(for all others)." (source, capture 8f20d3d6a1f442c689c316f4faa3cf8f1636563917df30edf9275bbe179e4a9c)
  • /offerings/0/access/1: "* Form CT-249, Claim for Long-Term Care Insurance Credit, and its instructions(for corporations); or\n* Form IT-249,Claim for Long-Term Care Insurance Credit, and its instructions(for all others)." (source, capture 8f20d3d6a1f442c689c316f4faa3cf8f1636563917df30edf9275bbe179e4a9c)