Can I Write Off Disability Insurance?

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   David RacichPRO

   Fountain Hills, Arizona

   If you have a legitimate business with operational expenses you may qualify for a tax deduction. If disability insurance is taken as a tax deduction you may be able to increase the benefits to 80% of your compensation. But keep in mind that those benefits will be taxed as ordinary income.

   Answered on July 21, 2013

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