Question

 Are personal life insurance premiums tax deductible?

Answer 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

Top Q&A For: Are personal life insurance premiums tax deduct...

Are life insurance premiums tax deductible?

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

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 disability insurance premiums tax deductible?

According to fool.com, 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 »
http://www.answerbag.com/q_view/2021196

Are health insurance premiums tax deductible?

Health insurance premiums can be deducted from your federal income taxes once your medical expenses exceed 7.5 percent of your adjusted gross income. Anything you pay above the 7.5 percent is deduc... Read More »
http://www.answerbag.com/q_view/1905468


feedback
loading