What is the Long-Term Care Insurance Credit?
The Long-Term Care Insurance Credit was available in prior tax years for taxpayers to claim a credit for premiums paid for a long-term care insurance plan. Unused credit amounts are carried forward for the next 5 taxable years.
This credit expired December 31, 2013. Only carryover credits from prior years are allowed to be claimed on your 2014 tax return.
For more information, contact:
Virginia Department of Taxation
Tax Credit Unit
P.O. Box 715
Richmond, VA 23218-0715
or call 804-786-2992.