States Offering Tax Incentives for Long-Term Care Insurance, 2002
By: Source: AARP Bulletin Today Date Posted: 2003-06-23 16:02:47
| Tax Credit or Deduction More Generous than Fed* | Tax Deduction Same as Federal | No Tax Incentives | No Broad-Based State Income Tax | |
| Alabama | • | |||
| Alaska | • | |||
| Arizona | • | |||
| Arkansas | • | |||
| California | • | |||
| Colorado | • | |||
| Connecticut | • | |||
| Delaware | • | |||
| Dist. of Columbia | • | |||
| Florida | • | |||
| Georgia | • | |||
| Hawaii | • | |||
| Idaho | • | |||
| Illinois | • | |||
| Indiana | • | |||
| Iowa | • | |||
| Kansas | • | |||
| Kentucky | • | |||
| Louisiana | • | |||
| Maine | • | |||
| Maryland | • | |||
| Massachusetts | • | |||
| Michigan | • | |||
| Minnesota | • | |||
| Mississippi | • | |||
| Missouri | • | |||
| Montana | • | |||
| Nebraska | • | |||
| Nevada | • | |||
| New Hampshire | • | |||
| New Jersey | • | |||
| New Mexico | • | |||
| New York | • | |||
| North Carolina | • | |||
| North Dakota | • | |||
| Ohio | • | |||
| Oklahoma | • | |||
| Oregon | • | |||
| Pennsylvania | • | |||
| Rhode Island | • | |||
| South Carolina | • | |||
| South Dakota | • | |||
| Tennessee | • | |||
| Texas | • | |||
| Utah | • | |||
| Vermont | • | |||
| Virginia | • | |||
| Washington | • | |||
| West Virginia | • | |||
| Wisconsin | • | |||
| Wyoming | • |
* Individuals must meet specific criteria to qualify for their states' tax deduction or credit for long-term care insurance. These criteria may include factors such as itemizing deductions, qualifying for a medical expense deduction, attaining a certain age, purchasing a particular type of long-term care insurance policy or other limiting factors. Please check your state tax information to determine whether your circumstances or your long-term care insurance policy qualify you for a tax credit or deduction.
Source: AARP Public Policy Institute analysis of state income tax forms, tax instructions and personal communication with officials at state departments of revenue.
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