If you paid premiums for qualified long-term care insurance, you may be able to claim a credit against your personal income tax equal to 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 tax years beginning after 2020, the credit has been adjusted to allow a New York taxpayer (including nonresident and part-year resident taxpayers) to claim the credit only if the taxpayer’s New York adjusted gross income (NYAGI) is less than $250,000. The credit is limited to a maximum amount of $1,500.
Program Entry
To claim this credit with the program, please go to:
- State Section
- Edit New York Return
- Credits
- NY Longer Term Care Insurance Credit (IT-249)
Additional Information