Can Self Employed Deduct Disability Insurance Premiums?
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63333 POINTSview profilePeggy MaceMost of the U.S.No, self employed persons cannot deduct disability insurance premiums because they are not a medical expense. If the policy is to cover overhead during a disability, the policy could be deducted. But a policy that replaces income, as individual disability income insurance does, is not a deductible expense.Answered on July 20, 2013flag this answer
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