TurboTax Support

Colorado 2011: Long-Term Care Credit

Colorado taxpayers may receive a non-refundable tax credit for certain long-term care insurance premiums they pay.

Certain customers, who used married filing jointly for their filing status and paid long-term care insurance premiums, may have filed an incorrect Colorado tax return.

TurboTax has fixed this issue.
 

How to tell if you may be impacted

You may be affected if ALL of the following are true:

  1. You filed your 2011 Colorado tax return before March 10, 2012 AND
  2. You paid long-term care insurance premiums on a single plan for you and your spouse, which qualifies for the Long-Term Care Credit. (To verify that your premium payments qualify for this credit, please visit the Colorado Department of Revenue web-site at www.taxcolorado.com and type in “FYI 37”).
  3. Your filing status was Married Filing Jointly AND
  4. You had an amount between $50,000 and $100,000 on federal Form 1040, Line 37 AND
  5. You had no amount on your Colorado Form 104CR, Page 2, Line 39

If you are affected, your may have overpaid your Colorado tax. You may need to amend your Colorado tax return.

 You can make the corrections yourself.

  • To do it yourself, please follow these step-by-step instructions.
  • After you make the changes to your tax return, you will need to mail a copy of your amended state return.
  • Your printed return will include instructions on how and where to mail it.
  • If you need assistance, call us at the phone number in the email.

 Or let us do the work for you.

  1. Please download and print this Authorization Form.
  2. Complete the form and fax it to us at the number printed at the top of the form.
  3. A TurboTax representative will contact you (within 15 days) when your corrected return is ready to be securely emailed back to you.
  4. You can print, sign, and mail the corrected return to the state taxing authority.

If you need to contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about the Colorado 2011: LTC Credit.
 

Did This Article Answer Your Question?
Did this article answer your question?
Your Feedback
Cancel Submit
Contact Us