How do I claim the deduction for Long Term Care Insurance premiums on my Virginia State tax return (Form 760, Line 14)?

Forum|Forum|6 years ago
June 1, 2019
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In past years, I have been able to deduct Long Term Care Insurance premiums on my Virginia State tax return (Form 760, Line 14). Is that deduction no longer available for Tax Year 2017? If it is, how do I enter it into TurboTax?"

TurboTax Deluxe Windows

Irene2805

Yes - You can claim a deduction for long-term care insurance premiums on your Virginia return as long as you did not include them as an itemized deduction on your federal return. [Either you didn't itemize, or your medical expenses didn't exceed the 7.5% floor.]

If you did not claim the premiums on your federal return, follow these steps to enter them on your VA return:

Go into your VA return.
Continue to the screen, Here's the income that Virginia handles differently.
In the Medical section, click on the Start/Revisit box next to Long-Term Care Premiums Credit Carryover and Deduction. [See Screenshot #1, below.]
On the next screen, Long-Term Care Insurance Premiums Paid, mark the Yes button and enter the amount of your premiums in the box. [Screenshot #2]

TCW1

When entering the premium info in the application, is it looking for per month cost or total year cost? Tks in advance. TCW1

DaveF1006

@TCW1 It is looking for the cost for the entire year.

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Decalr2

In TurboTax how do I enter long term care premiums

JamesG1

In TurboTax Online, in the Virginia income tax return, at the screen Here's the income that Virginia handles differently, select Start/Revisit to the right of Long-Term Care Premiums Deduction.