CT-249: Claim for Long-Term Care Insurance Credit (2024)
New York · NY DTF · Used for tax years 2024
Form CT-249 is used by corporations to claim New York's long-term care insurance credit. It calculates the available credit, the credit limitation, the amount used for the current tax year, and the amount carried forward.
Who files this form
Corporations claiming the long-term care insurance credit use Form CT-249 and file it with one of the corporation tax returns listed on the form.
If you are claiming the credit as a corporate partner, mark an X in box A. The form directs New York S corporations to see the instructions, which are not included in the supplied text.
What you'll need
Have the following information ready to complete the form:
- The corporation’s legal name, employer identification number, and tax period beginning and ending dates.
- Qualified long-term care insurance premiums paid during the current tax year.
- Any unused long-term care insurance credit from the preceding period.
- Tax due before credits and other credits claimed before this credit.
- For partnership credits, each partnership’s name, identifying number, and allocated credit amount.
Attach additional Forms CT-249 if necessary to report partnership information.
How to file
File Form CT-249 with Form CT-183, CT-184, CT-186, CT-186-E, CT-186-P, CT-3, CT-3-A, CT-3-S, CT-33, CT-33-A, or CT-33-NL.
Enter the corporation’s identifying information and tax period, then complete the credit calculations and any applicable partnership information.
The supplied form does not give a mailing address or e-filing directions. Several calculation lines refer to instructions that are not included in the supplied text.
Common mistakes
- Do not leave the tax period blank. All filers must enter beginning and ending dates.
- If claiming the credit as a corporate partner, remember to mark an X in box A.
- Attach additional Forms CT-249 if necessary for partnership information, and include their total in the space provided.
- Enter the total partnership credit on both line 13 and line 3.
- On line 10, enter 0 if line 9 is greater than line 8.
- New York S corporations are directed to see the instructions before completing the available-credit calculation.
Questions people ask
How is the credit based on premiums calculated?
Enter qualified long-term care insurance premiums paid during the current tax year on line 1. Multiply that amount by 20% (0.2) on line 2.
Can partnership credits be included?
Yes. The form provides space for partnership names, identifying numbers, and credit amounts. Enter the total allocated partnership credit on line 13 and line 3.
Where do I enter unused credit from the preceding period?
Enter it on line 4. Add lines 2, 3, and 4 to calculate the total available credit on line 5.
How is the credit carryforward calculated?
Line 12 is line 5 minus line 11. Line 11 is the credit to be used for the current tax year and refers you to the instructions.
Does Form CT-249 go with my corporation tax return?
Yes. The form says to file it with one of the corporation tax returns listed at the top of Form CT-249.