You may be able to claim a credit against tax based on any premiums you paid in 2005 for a qualified long-term care insurance policy for which you did not receive a federal tax benefit.

To qualify, your long-term care insurance policy must:

• qualify as a federal deduction (see federal Schedule A of Form 1040), disregarding the 7.5 percent income test, and
• have a lifetime long-term care benefit limit of $100,000 or more.

The credit is limited to $100 per beneficiary rather than per policy. One policy covering both spouses will be eligible for the $200 maximum credit. It is not necessary that the taxpayers have separate policies or premiums.

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