Report the Minnesota Long Term Care Insurance Credit in TurboTax Online, in the Minnesota state income tax return, at the screen Minnesota Credits, select Long-Term Care Credit.
The credit is reported on Minnesota schedule M1LTI, Minnesota schedule M1C and Minnesota form 1, line 16.
Long Term Care Insurance Credit
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.
To qualify, the policy you purchased must:
The amount of the credit is 25% of the policy premiums, up to $100 per beneficiary. For married couples, separate policies or premiums are not required. One policy covering both spouses qualifies for the $200 maximum credit.
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