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Maine Long-Term Care Insurance

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Maine Long-Term Care Insurance


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Repealed for tax years beginning Jan 1, 2016



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Views: 1668 Created on: Jun 15, 2013
Date updated: Jan 06, 2020
Posted in: States, Maine

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