Deductions & credits

From expert Lena H: 

For tax years starting on or after January 1, 2020, the current year long-term care credit is limited to $1,500. In addition, you must answer questions on your New York Return before this credit is on your state return.

Please follow the instructions below:

1. Open your return.
2. Click on State.
3. Edit New York.
4. On the page titled Take a look at New York Credits and Taxes, select Start next to Long Term Care Insurance Premiums Paid in 2022.
5. Answer the question on whether you were a partner in a partnership, shareholder of an S Corp, or beneficiary of an estate or trust.
6. On your New York State Tax Summary, you should see a maximum deduction of $1,500 listed under Nonrefundable Credits.

And from @ErnieSO

The New York Long-Term Care Insurance Credit is a non-refundable credit. It can only bring your NY tax liability to $0.

If your New York State Household Credit and Resident Credit are large enough to bring your NY tax liability to $0 before the application of the LTC Credit, then the LTC Credit will not show up on your return.

TurboTax will automatically transfer the appropriate long-term insurance premium payment you entered as federal medical expenses onto the New York return.

Check your forms. Do you have Form IT-249, Credit for Long-Term Care Insurance Credit? If so, it means TurboTax transferred the number, but it was not used.

@Syntaxx