State Tax Incentives for Long-Term Care Insurance

Tax credit for premiums paid for long-term care insurance, to the lesser of: (A) 25% of the premiums, or (B) $150 per policy, for tax years starting on or after January 1, 2000. The credit is available only to individual filers with federal taxable income less than $50,000; joint filers with income less than $50,000 claiming credit for one policy; or joint filers with income less than $100,000 claiming credit for two policies. Policies must meet Colorado’s definition of long-term care.

C.R.S. 39-22-722