Are disability insurance premiums a business expense?

Answer They can be if set up properly. For instance, if you are a business owner you would take out a DI plan as a Business Overhead Expense policy. The benefits are used to pay the lease or mortgage, uti... Read More »

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Are health insurance premiums a business expense?

If you are paying them for your employees as part of their compensation package, yes, it is a business expense. If it is for yourself, no, it is not a business expense, but it is usually tax deduct... Read More »

Are health insurance premiums a deductible expense on an individual's federal tax return?

Health insurance premiums that you pay can be deducted on your federal income tax return using Schedule A. However, you must itemize your deductions, which requires forgoing the standard deduction.... Read More »

Are disability insurance premiums deductable?

You can pay for your disability premiums pre-tax through payroll deduction. If you do this any benefit will be taxed as well.

Are disability insurance premiums tax deductible?

According to, disability insurance premiums are generally not tax deductible, but the benefits you receive may not be treated as taxable income. If premiums are paid with after-tax income,... Read More »