Can You Write Off Disability Insurance?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Disability insurance can be a deductible item if the business expense qualifies under the code. The deduction of the disability premiums changes the benefit from tax free to taxable, but he benefits also increase from 60 to 80% of executive compensation. It's important to look at the tax bracket of the business and the executive receiving the benefits to determine if deduction generates a viable overall economic value.

   Answered on September 7, 2013

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