Deductions & credits

You will enter the long term care premiums under the medical interview on your federal return in TurboTax.  The amount will then flow to your New York State return.
 

The allowable credit is 20% of the premiums paid during the tax year for the purchase of, or for continuing coverage under a qualifying long-term care insurance policy.  The credit amount cannot exceed $1,500.

 

Long term care insurance is a non-refundable credit.  That means you will have the credit applied to any New York State tax that you owe. 

 

Here is the New York State website for Long-term care insurance credit.

 

@ kumnimegh