State:

Below you will find the tax incentives for Minnesota

Credit: Permits tax credit for LTCi premiums paid. Credit equals lesser of 25% of premiums paid if not deducted in determining federal taxable income or $100.00 per policy. Maximum credit $200.00 for couples and $100.00 for all other filers.

This information is based upon the tax laws in effect at the time of publication.

We do not provide tax or legal advice. Any decisions whether to implement these ideas should be made by the client in consultation with professional financial, tax, and legal counsel.