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 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

Are Health Insurance Premiums Deductible From My HSA?

Persons with HSAs or health savings accounts can only use money in the account to pay for insurance premiums in certain situations. Those who recently lost a job and are paying for continuing insur... Read More »
http://www.ehow.com/about_7337307_health-insurance-premiums-deductible-hsa_.html


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