Is Long Term Disability Insurance Tax Deductible?

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   David RacichPRO

   Fountain Hills, Arizona

   Once you are pre-qualified in health, earnings and compensation cap, you should select which tax strategy you qualify for: you can insure up to 60% of your compensation tax free with nondeductible premiums or insure up to 80% of your compensation taxable with deductible premiums through a business benefit arrangement.
    

   Answered on June 3, 2013

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