Long Term Care insurance premium credit

[Ed31]

In regards to state of Virginia - can I claim LTC insurance premiums from 2011 forward as a credit that I have not done so as of yet?

[KathrynG3]

Yes, you can claim 2019 LTC insurance premiums ONLY if they were not claimed as a federal income tax deduction. The prior years would not deductible in 2019. You could amend the return for the last three filing years, 2018, 2017 and 2016.

2019 Virginia Form 760 Instructions page 21:

106 Long-Term Health Care Premiums - Enter the amount of premiums paid for long-term health care insurance, provided you did not claim a deduction for long-term health care insurance premiums on your federal return. The Virginia deduction for long-term health care insurance premiums is completely disallowed if you claimed a federal income tax deduction of any amount for long-term health care insurance premiums paid during the taxable year.

[Ed31]

I can claim the full ytd premium or 15% of that amount? 

[KathrynG3]

Enter in the full YTD premium and let TurboTax handle the calculation.