How to use or fill out Form IT-249 Claim for Long-Term Care Insurance Credit with DocHub
- Click ‘Get Form’ to open it in the editor.
- Begin by entering your name(s) and identifying number as shown on your tax return at the top of the form.
- In Schedule A, input the qualified long-term care insurance premiums paid for the current tax year in line 1. Multiply this amount by the credit rate (20%) in line 2 to calculate your credit in line 3.
- For fiduciaries, include the amount from line 3 in Schedule D, column C. All others should enter this amount on Schedule E, line 8.
- Complete Schedule B if you received a share of the long-term care insurance credit from a partnership or S corporation. Fill in the entity's name, type, and employer ID number.
- In Schedule C, enter your share of credits from partnerships and S corporations as instructed. Sum these amounts in line 7.
- Finally, complete Schedule E to compute the total credit available for the current year by adding relevant lines from previous schedules.
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