Is Life Insurance Deductible?

Generally,life insurance premiums cannot be deducted by a business. A CPA can work with you to creatively legally deduct life insurance premiums. For example, Life insurance premiums which are part of a pension plan contribution can be deducted by the business. Speak to a CPA to learn more about this.

Note If you need professional help with "Insurance" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.