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Are the disability overhead premiums tax deductible?

April 26, 2017deductible disability overhead premiums tax

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Are the disability overhead premiums tax deductible?

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A. Generally the premiums for overhead insurance are tax deductible (IRS Ruling 55-264 IRB 1955-19 Page 8). It is advisable to secure the advice of your tax counsel in determining your eligibility for tax deductibility. For more information, please call our customer service department.