Credit for Long-Term Care Insurance Premiums (Schedule M1LTI)
You may be able to claim a credit against tax based on premiums you paid in 2018 for a qualified long-term care insurance policy for which you did not receive a full deduction on Schedule M1SA, Minnesota Itemized Deductions.
To qualify, your long-term care insurance policy must do both of the following:
- Qualify as a federal deduction (see Schedule M1SA), disregarding the income test
- Have a lifetime long-term care benefit limit of $100,000 or more
The maximum credit is $100 per person. If you qualify, complete Schedule M1LTI, Long-Term Care Insurance Credit.