Income Tax - Credit for Long-Term Care Premiums
Altering a limitation on claiming the income tax credit for eligible long-term care insurance premiums for more than 1 year with respect to the same insured individual; altering the amount of the credit from a one-time $500 credit to a maximum of $250 for a taxable year beginning after December 31, 2026; and applying the Act to taxable years beginning after December 31, 2026.
Fees
Income tax
INSURANCE
Age
Tax Credits
Long-term Care
Taxes - Income
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