Solved: Critical illness insurance is considered to be an ...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
lweems4sure
New Member

Can I deduct critical care insurance premiums? I've been paying theses premiums since 12/2012 to the present

 
1 Best answer

Accepted Solutions
Marketstar
Level 7

Can I deduct critical care insurance premiums? I've been paying theses premiums since 12/2012 to the present

Critical illness insurance is considered to be an accident and sickness (health) policy.

For an individual purchasing coverage for themselves, the premiums are not tax deductible but the benefits are received tax free.

http://www.criticalillnessinsuranceinfo.org/learning-center/critical-illness-insurance-information.p...

View solution in original post

2 Replies
Marketstar
Level 7

Can I deduct critical care insurance premiums? I've been paying theses premiums since 12/2012 to the present

Critical illness insurance is considered to be an accident and sickness (health) policy.

For an individual purchasing coverage for themselves, the premiums are not tax deductible but the benefits are received tax free.

http://www.criticalillnessinsuranceinfo.org/learning-center/critical-illness-insurance-information.p...

View solution in original post

Gescob3
New Member

Can I deduct critical care insurance premiums? I've been paying theses premiums since 12/2012 to the present

What if they are self employed?
Dynamic AdsDynamic Ads
v
Privacy Settings