Can disability and life insurance paid with tax dollars be filed under medical and dental expenses?
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Dear Krax: See IRS Pub 17 page 241, disability payments do not qualify. Page 143 says life insurance payments are not deductible either. Life ins paid by a corp on key employees is deductible. This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent Master Tax Advisor
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