SIMPLE. FAST. ACCURATE
Support Center > Knowledge base> Article: Maine Long-Term Care Insurance

Maine Long-Term Care Insurance

Article ID: 60068 Email Print
Question
Maine Long-Term Care Insurance

Answer

Individuals-Enter premiums for long-term care insurance if the insurance policy on which the premiums are paid 1) meet the federal defi nition for a long-term care insurance contract (IRC § 7702B(b)) (these are long-term care premiums that generally qualify for federal itemized deductions), or 2) are certified by the Maine Bureau of Insurance. Premiums claimed must be reduced by any premiums claimed as Maine itemized deductions and by any premiums included in the federal self-employed health insurance deduction claimed on federal Form 1040, line 29. (Schedule 1 Income Modifications)

 

Repealed for tax years beginning Jan 1, 2016

 

 


related articles

Article Details
Views: 1411 Created on: Jun 15, 2013
Date updated: Jan 07, 2019
Posted in: States, Maine

Poor Outstanding