By: Larry Gilmore

Larry Gilmore — Fri, 24 May 2013 02:35:39 +0000

Is disability insurance deductible for taxes? Depends on your situation. If you are an employee who has their disability coverage through a payroll deduction program, it can be deducted for taxes through their payroll plan. Self employed individuals can also deduct disability insurance from their taxes. Please note, in either case when you deduct premium, the benefit becomes taxable income.

New answer on: Is Disability Insurance Deductible On Taxes?

By: Larry Gilmore