Form IT-249 Claim for Long-Term Care Insurance Credit Tax Year 2023-2026

1. Click ‘Get Form’ to open Form IT-249 in the editor.
2. Begin by entering your name(s) and identifying number as shown on your tax return at the top of the form.
3. 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.
4. For partnerships or S corporations, complete Schedule B by providing the entity's name, type, and employer ID number.
5. In Schedule C, enter your share of credits from partnerships and S corporations in lines 4 through 6. Sum these amounts in line 7.
6. Complete Schedule D by listing beneficiaries and their respective shares of qualified long-term care insurance credit.
7. Finally, compute total credits available for the current year in Schedule E by adding relevant amounts from previous schedules.

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