Can I deduct premiums I pay for short term and long term disability insurance?
My employer doesnt contribute to my short term and long term disability insurance, I pay the entire premium. Can I deduct that? Same situation with my vision insurance, I pay the entire premium.
posted
February 1, 20256:35 PM
last updated
February 01, 20256:35 PM
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Can I deduct premiums I pay for short term and long term disability insurance?
Disability income insurance premiums are usually not tax-deductible for individuals. The IRS considers these premiums a personal expense, similar to other types of individual insurance (e.g. car insurance, home insurance, etc.)