You are allowed a Long-Term Care Insurance Premiums Credit
if ALL of the following are true:
- Your policy was issued in 2000 or later.
- You, your parents, or your dependents are the policy beneficiaries.
- You paid premiums for 2014.
If you are going to claim an Oregon Long-Term Care Insurance Credit
this year, and you claimed a federal deduction for the premiums, you must add to Oregon income the amount of premiums that resulted in a tax benefit on your federal return.
Employers paying for long-term care insurance for
employees may also claim this credit.