When are life insurance premiums deductible?

This topic has 2 replies, 2 voices, and was last updated 8 years, 10 months ago by OnToTheNextOne.

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April 19, 2016 at 2:13 am #201463

OnToTheNextOne
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For corporations and individuals? I know if the premiums are paid to officers for services rendered and the corp is not a beneficiary it can but are there any other examples?

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April 19, 2016 at 2:21 am #773043

Anonymous
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if you are self employed and you buy health insurance for your family or yourself under the business's name. You can deduct them on your 1040 line 29

April 19, 2016 at 2:26 am #773044

OnToTheNextOne
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Oh completely forgot about that example when writing this question
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