Oregon 2013: Long-Term Care Premiums
Oregon allows a tax credit for long-term care insurance premiums. To qualify, the taxpayer must hold a policy that was issued on or after January 1, 2000.
If the credit is claimed on the Oregon return and the premiums were a deduction on the federal Schedule A, the amount of premium is added back to Oregon income.
Certain Oregon customers, who paid premiums on long-term care insurance, may have filed an incorrect Oregon tax return.
TurboTax has fixed this issue.
How to tell if you may be impacted
You may be affected if all of the following apply to you:
- You filed your Oregon state tax return prior to March 13, 2014 AND
- Your long-term care insurance policy was issued prior to January 1, 2000 AND
- Your federal schedule A includes a deduction for long-term care insurance premiums paid on that policy AND
- Your Oregon Form 40, Other Additions, line 5a includes an amount with a code 104.
If you are affected, you may have overpaid your state tax. You may need to amend your Oregon return.
To amend your return:
- Follow these step-by-step instructions.
- After you make the changes to your tax return, you will need to mail a copy of your amended state return.
- Your printed return will include instructions on how and where to mail it.
If you need to contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about the Oregon 2013: Long-Term Care Premiums