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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.
Form IT-249 Claim for Long-Term Care Insurance Credit - New York
What Is Form IT-249?
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.
FAQ
Q: What is IT-249?
A: IT-249 is the form for claiming the Long-Term Care Insurance Credit in New York.
Q: What is the Long-Term Care Insurance Credit?
A: The Long-Term Care Insurance Credit is a tax credit offered in New York for qualifying long-term care insurance premiums.
Q: Who is eligible to claim the Long-Term Care Insurance Credit?
A: New York residents who have qualifying long-term care insurance policies are eligible to claim the credit.
Q: What is considered a qualifying long-term care insurance policy?
A: A qualifying long-term care insurance policy is one that meets the criteria set by the New York State Department of Financial Services.
Q: How do I claim the Long-Term Care Insurance Credit?
A: You can claim the credit by completing Form IT-249 and including it with your New York state income tax return.
Q: Is there a limit to how much credit I can claim?
A: Yes, the credit is limited to $2,050 per taxpayer.
Q: Can I claim the Long-Term Care Insurance Credit if I itemize deductions?
A: Yes, you can claim the credit even if you itemize deductions on your New York state income tax return.
Q: Are there any other requirements to claim the Long-Term Care Insurance Credit?
A: Yes, you must meet certain income requirements to be eligible for the credit. Refer to the instructions for Form IT-249 for more details.
Q: When is the deadline for filing Form IT-249?
A: The deadline for filing Form IT-249 is the same as the deadline for filing your New York state income tax return, which is usually April 15th.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
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.
Download Form IT-249 Claim for Long-Term Care Insurance Credit - New York
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