This version of the form is not currently in use and is provided for reference only. Download this version of Form IT-249 for the current year.
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.
Q: What is Form IT-249?
A: Form IT-249 is a tax form used to claim the Long-Term Care Insurance Credit in the state of New York.
Q: What is the Long-Term Care Insurance Credit?
A: The Long-Term Care Insurance Credit is a tax credit available to New York residents who have purchased long-term care insurance.
Q: Who is eligible to claim the Long-Term Care Insurance Credit?
A: New York residents who have purchased qualifying long-term care insurance policies are eligible to claim the credit.
Q: What are the requirements for the Long-Term Care Insurance Credit?
A: To qualify for the credit, the long-term care insurance policy must meet certain criteria set by the New York State Department of Financial Services.
Q: When is the deadline to file Form IT-249?
A: The deadline to file Form IT-249 is the same as the deadline to file your New York State income tax return, typically April 15th.
Q: Is the Long-Term Care Insurance Credit refundable?
A: No, the Long-Term Care Insurance Credit is non-refundable, meaning it can reduce your tax liability but will not result in a refund.
Q: Are there any income limits for claiming the Long-Term Care Insurance Credit?
A: No, there are no income limits for claiming the Long-Term Care Insurance Credit in New York.
Q: Can I claim the Long-Term Care Insurance Credit if I live in a different state?
A: No, the Long-Term Care Insurance Credit is specific to New York residents.
Q: Can I claim the Long-Term Care Insurance Credit if I have a different type of insurance?
A: No, the credit is only available for qualifying long-term care insurance policies.
Form Details:
Download a fillable version of Form IT-249 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.