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	<title>New answer on: Can I Claim Disability Insurance On My Taxes?</title>

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		<title>By: Steve Savant</title>

		<link>https://insurancelibrary.com/disability-insurance/can-i-claim-disability-insurance-on-my-taxes</link>

		<dc:creator>Steve Savant</dc:creator>

		<pubDate>Sat, 07 Sep 2013 14:28:22 +0000</pubDate>

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		<description><![CDATA[There are rules on deductions or the business expensing of disability insurance premiums. If your business fits the IRS approved criteria, the company can deduct the premium. Keep in mind that deducting disability premiums also re-characterizes the benefits as taxable as ordinary income at the policy beneficiary&#039;s effective tax bracket rate. The good news is you can cover up to 80% of your compensation.]]></description>

		

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/disability-insurance/can-i-claim-disability-insurance-on-my-taxes</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Sat, 07 Sep 2013 12:34:41 +0000</pubDate>

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		<description><![CDATA[If you are an individual purchasing an individual disability insurance policy, you generally cannot claim disability insurance on your taxes. It is not considered a medical expense. However, if you collect benefits due be becoming temporarily or permanently disabled, you do not have to pay taxes on those, because you paid for the policy with after tax money.]]></description>

		

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