State Tax Incentives for Long-Term Care Insurance

Credit: Tax credit for premiums of long-term care policies purchased on or after January 1, 2000, and insuring the taxpayer, his parents or dependents, to the lesser of: (A) 15% of the premium; or (B) $500. Married taxpayers filing individually must divide the $500 limit between them. Credit in excess of the tax liability cannot be carried over.

Or. Rev. Stat Sec. 3 7 5.6 70; Sec. 743.652 (Definition for Secs. 743.650-743.656)

Credit: For employers, $500 per employee tax credit for premiums of long-term care policies purchased on or after January 1, 2000.

Or. Rev. Stat Sec. 3 7 5.6 70; Sec. 743.652 (Definition for Secs. 743.650-743.656