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Last Updated: 4/24/2018

Long-Term Care Insurance Credit

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Individual Income Tax

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You may claim the Long-Term Care Insurance Credit if you purchase insurance to provide long-term care coverage for yourself or your spouse, such as nursing home coverage.

Do I qualify for this credit?

To qualify, both of the following must be true:

How much is this credit?

The credit is equal to 25 percent of the policy premiums, up to $100 per beneficiary. For married couples, one policy covering both spouses qualifies for the $200 maximum credit; separate policies or premiums are not required.
For more information, see Minnesota Statute 290.0672.

How do I claim this credit?

  1. Complete Schedule M1LTI, Long-Term Care Insurance Credit.
  2. Report your credit amount on Schedule M1C, Other Nonrefundable Credits.
  3. Include Schedule M1LTI and Schedule M1C when you file Form M1, Individual Income Tax.