Solved: Is the amount paid field for the Maryland credit for long term care insurance the total amount paid to date or just what was paid in 2018?
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Is the amount paid field for the Maryland credit for long term care insurance the total amount paid to date or just what was paid in 2018?

 
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New Member

Is the amount paid field for the Maryland credit for long term care insurance the total amount paid to date or just what was paid in 2018?

The amount paid field for the Maryland credit for long term care insurance the total amount paid to date as of 12/31/2018. That is the total amount paid in premiums. Maryland states:

For the current tax year, you can claim a credit equal to the premiums paid, up to a maximum of $410 for each insured person 40 years of age or younger, and up to a maximum of $500 for each insured person 41 or older.

Here is the complete writeup on who qualifies for this credit:

View solution in original post

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New Member

Is the amount paid field for the Maryland credit for long term care insurance the total amount paid to date or just what was paid in 2018?

The amount paid field for the Maryland credit for long term care insurance the total amount paid to date as of 12/31/2018. That is the total amount paid in premiums. Maryland states:

For the current tax year, you can claim a credit equal to the premiums paid, up to a maximum of $410 for each insured person 40 years of age or younger, and up to a maximum of $500 for each insured person 41 or older.

Here is the complete writeup on who qualifies for this credit:

View solution in original post

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