Question

 Are life insurance premiums tax deductible?

Answer According to the Internal Revenue Service (IRS), life insurance premiums are not tax deductible on your federal income taxes. Only certain medical insurance premiums are deductible as an itemized d... Read More »
http://www.answerbag.com/q_view/1882616

Top Q&A For: Are life insurance premiums tax deductible

Are personal life insurance premiums tax deductible?

Personal life insurance premiums are not a deductible expense on your federal taxes, regardless of whether they are paid for by you or your employer, according to Publication 502 issued by the Inte... Read More »
http://www.answerbag.com/q_view/1882845

Are life insurance premiums tax deductible for an S corporation?

Premiums for life insurance that insures employees and officers of a Subchapter S corporation are tax-deductible as long as the employer is not a beneficiary of the policy, either directly or indir... Read More »
http://www.answerbag.com/q_view/2156691

Are mortgage insurance premiums deductible?

You can deduct mortgage insurance premiums as an itemized deduction on your federal income taxes if your home mortgage was taken out after 2006. If you took out your mortgage in 2006 or earlier, yo... Read More »
http://www.answerbag.com/q_view/1939265

Are cancer insurance premiums tax deductible?

Cancer insurance premiums are tax deductible, as long as you do not have an employer-sponsored insurance policy. However, if you have an individual insurance premium, it is tax deductible as long a... Read More »
http://www.answerbag.com/q_view/2082034


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