When filing your 2009 state taxes, if you itemize your deductions, you may be eligible to claim state tax credits or deductions. Currently, 31 states offer a tax credit or deduction for owning Long Term Care Insurance. For example, Minnesota will give up to $100 tax credit to each policyholder as long as their policy meets certain minimum requirements.
Click here to download Minnesota’s 2009 Long Term Care Insurance Tax Credit Form
Click here to download a complete list of states which offer a tax credit or deduction.
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