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Level 1
June 22, 2020
Question

Will I be able to deduct my NTA Life Ins Premium because it has a cancer policy included within it, and if so what catagory would I deduct it under?

  • June 22, 2020
  • 2 replies
  • 33 views
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2 replies

Critter
Level 15
June 22, 2020

No you cannot just like you cannot deduct the medical portion of an auto insurance policy. 

Carl
Level 11
Level 11
June 22, 2020

Life insurance premiums are not deductible. If they were, then the life insurance payout would be taxable income. That's the last thing you want.