Is Disability Insurance Premium Tax Deductible?
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63333 POINTSview profilePeggy MaceMost of the U.S.Disability Insurance that is privately owned and paid for by the person owning the policy, is not tax deductible. However, if the person owning the policy would become disabled and receive Disability benefits through the policy, the income received would not be subject to federal income tax if the premiums were paid with after tax income.Answered on June 24, 2013flag this answer
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