turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

This tax year is there a Virginia State return income deduction for paying past Long Term Care (LTC) premiums from 2011 to 2013?

The VA return Turbo Tax software asks if we paid LTC insurance premiums prior to 1 JAN 2014.  We paid 2 x 20 months of premiums (for both of us) in 2011 through 2013 and see that our prior VA returns for those years did not have income deduction for LTC insurance premiums paid.  Called Virginia State Tax advisors (Richmond) who couldn't tell me one way or another if this is the case.  I wanted to confirm this is the rules before I go forward.  I have contacted insurance co to obtain official record of the premiums paid during that time.   If this is a true VA state return deduction, great!  Appreciate the assistance!  

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
LisaBr
New Member

This tax year is there a Virginia State return income deduction for paying past Long Term Care (LTC) premiums from 2011 to 2013?

If you took the Medical Deduction for Federal LTC premiums during those years, you cannot take the deduction on the Virginia return this year. 

However, if you did not take these deductions, enter the amount where TurboTax is asking for them.  This may also be helpful in the calculations necessary if you have started receiving distributions from these plans.

The following article from the Virginia Tax Commissioner  describes some of these issues which may be helpful:

https://www.tax.virginia.gov/laws-rules-decisions/rulings-tax-commissioner/07-211

View solution in original post

2 Replies
LisaBr
New Member

This tax year is there a Virginia State return income deduction for paying past Long Term Care (LTC) premiums from 2011 to 2013?

If you took the Medical Deduction for Federal LTC premiums during those years, you cannot take the deduction on the Virginia return this year. 

However, if you did not take these deductions, enter the amount where TurboTax is asking for them.  This may also be helpful in the calculations necessary if you have started receiving distributions from these plans.

The following article from the Virginia Tax Commissioner  describes some of these issues which may be helpful:

https://www.tax.virginia.gov/laws-rules-decisions/rulings-tax-commissioner/07-211

This tax year is there a Virginia State return income deduction for paying past Long Term Care (LTC) premiums from 2011 to 2013?

Deductions for our LTC were not taken in our 2011-2013 federal returns.  Will follow the Turbo Tax prompts!  Thanks!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies