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	<title>New answer on: Is Disability Insurance A Business Deduction?</title>

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		<title>By: Tim Wilhoit</title>

		<link>https://www.insurancelibrary.com/disability-insurance/is-disability-insurance-a-business-deduction</link>

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

		<pubDate>Fri, 21 Nov 2014 22:30:18 +0000</pubDate>

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		<description><![CDATA[The basic rule of thumb about tax deductibility on disability insurance premiums for a business boils down to one thing. The business can deduct for premiums paid on the employees but not the owner. The exception is if the business is incorporated and the owner is considered an employee of the business. Then yes all premiums will be tax deductible, but any paid benefits will be taxed as ordinary income.]]></description>

		

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		<title>By: Steve Savant</title>

		<link>https://www.insurancelibrary.com/disability-insurance/is-disability-insurance-a-business-deduction</link>

		<dc:creator>Steve Savant</dc:creator>

		<pubDate>Tue, 06 Aug 2013 15:57:04 +0000</pubDate>

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		<description><![CDATA[There are rules that the Internal Revenue Service use in the business expensing or tax destructibility of disability insurance premiums. If your business meets those requirements, you may deduct disability insurance premiums. But keep in mind that any benefit distributions are taxable at ordinary income tax rates at the effective tax bracket of the policy owner.]]></description>

		

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