Maryland Employer Provided Long-Term Care Insurance Credit

Article ID: 59156  

Question
Maryland Employer Provided Long-Term Care Insurance Credit

Answer

A credit is allowed for premiums paid by employers to provide long term care insurance to their employees as part of their benefits package. The employer may claim a credit of 5% of the premiums paid during the tax year or $100 for each Maryland employee covered by long-term care insurance provided, whichever is less, but cannot be more than $5,000.


Article Details
Views: 1450 Created on: Jun 15, 2013