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Instructions for Form IT-249
for the current year.
Instructions for Form IT-249 Claim for Long-Term Care Insurance Credit - New York
This document contains official instructions for Form IT-249 , Claim for Long-Term Care Insurance Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form IT-249 is available for download through this link.
FAQ
Q: Who is eligible to claim the Long-Term Care Insurance Credit in New York?
A: New York residents who have long-term care insurance policies are eligible to claim this credit.
Q: What is the purpose of Form IT-249?
A: Form IT-249 is used to claim the Long-Term Care Insurance Credit in New York.
Q: What documentation is required to claim the Long-Term Care Insurance Credit?
A: You will need to provide a copy of your long-term care insurance policy's declaration page and a completed Form IT-249.
Q: How much is the Long-Term Care Insurance Credit worth?
A: The credit is equal to 20% of the premiums paid for the long-term care insurance policy, up to a maximum credit of $1,500 per taxpayer.
Q: Can I claim the Long-Term Care Insurance Credit if someone else paid the premiums?
A: No, you can only claim the credit if you personally paid the premiums for the long-term care insurance policy.
Q: What is the deadline to file Form IT-249?
A: Form IT-249 must be filed by the due date of your New York state income tax return, usually April 15th.
Instruction Details:
- This 2-page document is available for download in PDF;
- Actual and applicable for this year;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the New York State Department of Taxation and Finance.
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