tmike Posted March 3, 2009 Report Share Posted March 3, 2009 Could any Oregon preparer give me a quick run down on the credit for long term care insurance. I find no info in the instructions. Is this a dollar for dollar credit? Are there any income limitations. My client is a part-year res and had income over 300k. The link for line 56 just says "Long term care insurance premiums. Code 716. Any help is appreciated. -Mike- Quote Link to comment Share on other sites More sharing options...
grandmabee Posted March 3, 2009 Report Share Posted March 3, 2009 Could any Oregon preparer give me a quick run down on the credit for long term care insurance. I find no info in the instructions. Is this a dollar for dollar credit? Are there any income limitations. My client is a part-year res and had income over 300k. The link for line 56 just says "Long term care insurance premiums. Code 716. Any help is appreciated. -Mike- policy issued after 1/1/2000, beneficary you, parents, or kids credit 15% of premium max 500. and if you are taking the deduction on federal there is a formular to have an addition back to oregon. Quote Link to comment Share on other sites More sharing options...
tmike Posted March 3, 2009 Author Report Share Posted March 3, 2009 policy issued after 1/1/2000, beneficary you, parents, or kids credit 15% of premium max 500. and if you are taking the deduction on federal there is a formular to have an addition back to oregon. Thank you for the help Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.