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brotherleeroy
New Member

Is life insurance deductible?

By law I have to carry a life insurance policy with my X-wife as the beneficiary. Can I deduct the premiums for this expense?

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‎June 5, 2019 2:59 PM
last updated ‎June 05, 2019 2:59 PM
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Marketstar
Level 7

Is life insurance deductible?

Per the IRS, life insurance premiums are considered a personal, non deductible expense.

‎June 5, 2019 2:59 PM
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