Can the premiums I pay on my cancer policy be deducted?

I pay monthly premiums for an elected cancer policy should I need it. Does this count as a Medical insurance premium that can be used for deduction when I itemize?

posted

Connect with an expert

1 Reply

Can the premiums I pay on my cancer policy be deducted?

No, the cancer policy is not considered medical insurance so it is not deductible as a medical expense.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post