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Life insurance premiums are not deductible if you are the insured.
Yes, I got the answer, thank you.
That said, I don’t understand the IRS unfairness to self-employed. When I worked for other companies and even when I was an owner in a small corporation, life insurance was provided. As self-employed, it is just as necessary to replace some income to the family in case of death. It should just be capped at some level consistent with corporate norms, but not excluded.
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