kgasvoda
New Member

CO long-term care premium deduction not calculating correctly

I have two long term care policies and the CO tax code says I should get the lesser of 25% of the premiums paid  or $150 per policy.  I have input premiums on both policies (they are both in excess of $600 so they both "cap out" at $150) but the software is only giving me a $150 credit instead of $300.  Note, last year the credit was up to $140 per policy and I correctly filed with $280 of credit.  When will this be fixed?