When are life insurance premiums deductible?

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  • #201463
    OnToTheNextOne
    Participant

    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?

    BEC - 85

    REG - 86

    AUD - 80

    FAR - 80

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  • #773043
    Anonymous
    Inactive

    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

    #773044
    OnToTheNextOne
    Participant

    Oh completely forgot about that example when writing this question

    BEC - 85

    REG - 86

    AUD - 80

    FAR - 80

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