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JSW9696
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If I am self-employed is my long-term disability insurance premium payment a tax-deductible expense?

 
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‎May 31, 2019 7:57 PM
last updated ‎May 31, 2019 7:57 PM
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Marketstar
Level 7

If I am self-employed is my long-term disability insurance premium payment a tax-deductible expense?

Your long term disability insurance premium is not deductible if paid for yourself.

However, if you pay premium payment as an employee benefit, it is deductible.

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‎May 31, 2019 7:57 PM
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1 Reply
Marketstar
Level 7

If I am self-employed is my long-term disability insurance premium payment a tax-deductible expense?

Your long term disability insurance premium is not deductible if paid for yourself.

However, if you pay premium payment as an employee benefit, it is deductible.

‎May 31, 2019 7:57 PM
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