Can You Deduct Long Term Disability Insurance Premiums?

  1. 2180 POINTS
    Kelly Moser
    Social Media Strategist, Disability Insurance Services, California
    If you're just an average Joe getting disability insurance, you cannot deduct your premiums.  if you're a business owner with a corporation, you can pay the premiums through your corporation. At the end of the year, you must claim those premiums paid as income.  It's best to consult your financial advisor and/or CPA for the tax laws.
    Answered on September 18, 2013
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