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readytolearn
Level 2

Can I include long-term care insurance premium in Household Resources for Michigan Homestead Credit calculation?

 
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‎February 29, 2020 2:56 PM
last updated ‎February 29, 2020 2:56 PM
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KathrynG3
Expert Alumni
Expert Alumni

Can I include long-term care insurance premium in Household Resources for Michigan Homestead Credit calculation?

No. You cannot include long-term care insurance premiums in Household Resources for the Michigan Homestead Credit calculation.

 

See the 2019 MI-1040CR Instructions Booklet, page 9, quoted below:

Do not include any insurance premiums deducted on line 26 or line 34, amounts paid for income protection insurance (long-term disability), long-term care insurance, or amounts paid by an employer with pre-tax payroll contributions.

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‎February 29, 2020 3:27 PM
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1 Reply
KathrynG3
Expert Alumni
Expert Alumni

Can I include long-term care insurance premium in Household Resources for Michigan Homestead Credit calculation?

No. You cannot include long-term care insurance premiums in Household Resources for the Michigan Homestead Credit calculation.

 

See the 2019 MI-1040CR Instructions Booklet, page 9, quoted below:

Do not include any insurance premiums deducted on line 26 or line 34, amounts paid for income protection insurance (long-term disability), long-term care insurance, or amounts paid by an employer with pre-tax payroll contributions.
‎February 29, 2020 3:27 PM
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