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	<title>New answer on: Can You Claim Disability Insurance Premiums On Taxes?</title>

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		<title>By: Tim Wilhoit</title>

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

		<dc:creator>Tim Wilhoit</dc:creator>

		<pubDate>Thu, 19 Jun 2014 18:51:45 +0000</pubDate>

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		<description><![CDATA[You cannot claim disability premiums as a write off on your taxes as an individual. However, if you own a company and are providing disability insurance for your employees then yes you can write off your disability premiums. There is an advantage to owning disability insurance. Since you are paying the premiums, if you have a disability claim then all the proceeds or income from that plan are tax free to you. Whereas if your employer pays your premiums and he claimed them on his taxes, your disability proceeds would be taxed as income.]]></description>

		

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		<title>By: David Racich</title>

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

		<dc:creator>David Racich</dc:creator>

		<pubDate>Fri, 14 Jun 2013 15:51:27 +0000</pubDate>

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		<description><![CDATA[Disability Insurance Premiums can be tax deductible, if you have a legitimate business and you wish to expense the disability insurance premiums. Keep in mind that once you deduct the disability insurance premium, the benefits will be taxable as ordinary income. Another advantage of expensing disability insurance is you can cover up to 80% of your compensation.
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