topic Are AFLAC payments deductable in Deductions & credits

Are AFLAC payments deductable

Anonymous — Sat, 01 Jun 2019 00:43:16 GMT

Can I deduct my biweekly Aflac payments? If so where do I do that

Are the AFLAC payments for supplemental health care insur...

DoninGA — Sat, 01 Jun 2019 00:43:18 GMT

Are the AFLAC payments for supplemental health care insurance premiums or primary health care premiums that you pay with out of pocket funds?

These are from a couple years ago, but should still apply...

Lisa995 — Sat, 01 Jun 2019 00:43:20 GMT

These are from a couple years ago, but should still apply to the situation.
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Premiums on accident and health policies like some AFLAC...

bwa — Sat, 01 Jun 2019 00:43:22 GMT

Premiums on accident and health policies like some AFLAC policies (generally, policies that pay you a guaranteed amount each week for a stated number of weeks if you are hospitalized for sickness or injury) such as many cancer policies are not deductible. From IRS Pub 502:

You cannot include premiums you pay for: ...

· Policies providing payment for loss of earnings,

· Policies for loss of life, limb, sight, etc.,

· Policies that pay you a guaranteed amount each week for a stated number of weeks if you are hospitalized for sickness or injury, ...