Maryland Employer Provided Long-Term Care Insurance Credit

Maryland Employer Provided Long-Term Care Insurance Credit

A credit is allowed for premiums paid by employers to provide long term care insurance to their employees as part of their benefits package. The employer may claim a credit of 5% of the premiums paid during the tax year or $100 for each Maryland employee covered by long-term care insurance provided, whichever is less, but cannot be more than $5,000.

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