Can I Deduct Disability Insurance From Taxes?

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   David RacichPRO

   Fountain Hills, Arizona

   Disability insurance can be tax deductible if your business pays for the premium as business expense. However, be advised: tax deductible disability premiums result in taxable benefits at ordinary income tax rates. But the good news is you can purchase more coverage.
    

   Answered on July 24, 2013

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