Can Disability Insurance Be Deducted?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Depending on how a business expenses items for it's employees, disability insurance premium may be able to be tax deductible. Keep in mind that if a business deducts the disability insurance premium, that benefits generated during times of disability are taxable as ordinary income at the effective tax bracket rate.

   Answered on August 15, 2013

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