Article: 50504

Overview 

New York offers a nonrefundable income tax credit for premiums paid on qualified long-term care insurance policies. This credit helps support individuals and families planning for extended healthcare needs. You can claim the credit by completing Form IT-249 and attaching it to your Form IT-201 or Form IT-203. 

Who is Eligible? 

You may be eligible if: 

• You paid qualified long-term care insurance premiums during the tax year, 

• The policy is for you, your spouse, or dependent, and 

• The policy qualifies under IRC §7702B as a qualified long-term care insurance contract, and 

• You were a full-year New York State resident or a part-year resident with eligible premiums paid while in NY. 

Note: The credit is nonrefundable, which means it can reduce your NYS tax liability to zero, but will not generate a refund. 

Credit Amount 

• The credit is 20% of the premium amount paid during the tax year. 

• For example, if you paid $2,000 in premiums, your credit would be $400. 

How to Report 

1. Navigate to the State Taxes section on the left-hand side of the screen. 

2. Click the link: I’d like to see the forms I’ve filled out or search for a form. 

3. In the dropdown menu, select New York. 

4. Click on the IT Credits 100 – 200 Series tab. 

5. Select IT- 249 – Claim for Long-Term Care Insurance Credit to open the screen. 

6. Enter all applicable information.  

7. Click Save once complete. 

Additional Resources 

For further guidance, see:  

• 2024 New York State Instructions for Form IT-201 – Full-Year Resident Return  

• Form IT-249 Instructions – Claim for Long-Term Care Insurance Credit (PDF)