topic I bought a life insurance 100000 20 pay life, i was told there would be a tax break can you tell me where to enter? in Retirement tax questions

I bought a life insurance 100000 20 pay life, i was told there would be a tax break can you tell me where to enter?

methomas1111 — Thu, 06 Jun 2019 05:49:59 GMT

Marketstar — Thu, 06 Jun 2019 05:50:00 GMT

Life insurance premiums are not deductible on your personal tax return.

Marketstar — Thu, 06 Jun 2019 05:50:02 GMT

Is your policy term or whole life? Whole life insurance does feature some tax deferred advantages but the premiums are not deductible.

methomas1111 — Thu, 06 Jun 2019 05:50:03 GMT

it is a whole life