Can I Deduct Disability Insurance Premiums From My Taxes?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    In most cases, you cannot deduct Disability Insurance premiums from your taxes. However, if there is a need to use your Disability Insurance policy to pay an income to you during a period of disability, the benefit you receive will not be taxable as you paid taxes on the money going into the policy. Consult a tax attorney for specific situations.
    Answered on August 5, 2013
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