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Is that amount of long term care premiums for one year only? Or is a total of all premiums paid over the past years deductable on my Maryland return?

 
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JulieCo
New Member

Is that amount of long term care premiums for one year only? Or is a total of all premiums paid over the past years deductable on my Maryland return?

It would be the premiums that were paid in 2018.  See more information from the Maryland Comptroller below:

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. 

From:  https://taxes.marylandtaxes.gov/Individual_Taxes/General_Information/Tax_Credits_and_Deductions/Long...




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JulieCo
New Member

Is that amount of long term care premiums for one year only? Or is a total of all premiums paid over the past years deductable on my Maryland return?

It would be the premiums that were paid in 2018.  See more information from the Maryland Comptroller below:

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. 

From:  https://taxes.marylandtaxes.gov/Individual_Taxes/General_Information/Tax_Credits_and_Deductions/Long...




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