Can you deduct long term disability insurance premiums on taxes?

Answer No, you cannot deduct premiums paid on disability insurance policies. Two senarios, first if your employers pays the premiums you would receive the disbursements as taxable income. If you pay your ... Read More »

Top Q&A For: Can you deduct long term disability insurance p...

Can short-term&long-term disability insurance be deducted from federal taxes?

Taxpayers are not allowed to deduct premiums that they paid for personal disability insurance. While it is legal to deduct other forms of insurance, such as business liability insurance, personal d... Read More »

Can i deduct my insurance premiums paid to an employer on my taxes?

On One Hand: No You Can'tIn most cases, employee contributions to group health plans are not tax deductible expenses. This is because they are generally bought with pre-tax dollars. In other words,... Read More »

Can you deduct your term life insurance payments from your federal taxes?

You cannot deduct your term life insurance payments from your federal income taxes. Only medical insurance payments or qualified long-term care insurance premiums care can be deducted and only unde... Read More »

Can your employer cancel your health insurance when you are on short term or long term disability because you did not make a payment on your insurance like is normally done through your paycheck?

Your employer's obligation to pay premiums normally stops when your paycheck does, that is, when your medical and personal leave is exhausted, and there is nothing left to deduct the premiums with.... Read More »