LTC is not deductible on my Maryland return, how do I subtract it from my deductions that flow over from the federal where it is deductible?

If you are getting the benefit on your federal return by itemizing your deductions after including your long term care premiums, then you should not delete it. Furthermore, if you paid a premium for a long-term care insurance policy for yourself or certain Maryland resident family members, you may be eligible for a tax credit.

A one-time credit may be claimed against the state income tax for the payment of qualified long-term care (LTC) insurance premiums as defined by the IRS (Publication 502) for a policy to insure yourself, or your spouse, parent, stepparent, child or stepchild, who is a resident of Maryland. A credit may not be claimed if:

• The insured was covered by LTC insurance prior to July 1, 2000;
• The credit for the insured is being claimed in this year by another taxpayer;
• The credit is being or has been claimed by anyone in any other tax year; or
• The insured is a nonresident of Maryland.

Please see 2020 502CR Instructions (page 7) for additional information.