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As of January 1, 2016, the deduction for long-term care premiums (subtraction modification of income) has been repealed and is no longer available.
Please see the instructions to 2016 Maine Form 1040ME, Page 2 (Important Changes for 2016):
http://www.maine.gov/revenue/forms/1040/2016/16_1040me_book_download.pdf
Please also see State of Maine Enacted Tax Legislation - 2016 Session - Individual Income Tax:
http://www.maine.gov/revenue/rules/legischange16.htm#individual
As of January 1, 2016, the deduction for long-term care premiums (subtraction modification of income) has been repealed and is no longer available.
Please see the instructions to 2016 Maine Form 1040ME, Page 2 (Important Changes for 2016):
http://www.maine.gov/revenue/forms/1040/2016/16_1040me_book_download.pdf
Please also see State of Maine Enacted Tax Legislation - 2016 Session - Individual Income Tax:
http://www.maine.gov/revenue/rules/legischange16.htm#individual
It would be nice if long term care insurance was more affordable, but trust the State of Maine to squash its' deductibility in spite of the fact those that can afford it are relieving the taxpayers of a substantial welfare cost and had the foresight to provide for their final days. Do not understand why people want to live here. Extremely high taxes due to the legislature spending 'other peoples money' like drunken sailors. And then there is the weather... would have left a long time ago if a divorce wasn't more expensive.
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