Limits to Long-term care insurance premium subtraction for WI?

I know that for Federal taxes, premiums for long-term care insurance are deductible up to a dollar limit based on age. This allowable limit is less than the total I actually paid in premiums. In TurboTax, when the gross amount of long-term care premiums entered in the Federal form carries over to my Wisconsin taxes, it seems that all of it can be subtracted from income on Sch SB and then on Form 1, line 6. Is it correct that 100% of gross LTC premiums may be subtracted from income for Wisconsin?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Limits to Long-term care insurance premium subtraction for WI?

Yes, they are fully deductible on your Wisconsin return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply

Limits to Long-term care insurance premium subtraction for WI?

Yes, they are fully deductible on your Wisconsin return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post