What would you like to do?

Can I have my life insurance deducted from my paycheck pre-tax?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

No. method of payment does not change the taxability of the premium.
Thanks for the feedback!

Are life insurance premiums deductible on year end taxes?

No. That's why the proceeds aren't taxed as income. Answer Correct...premiums are taxable. Death benefits are generally not taxed as income. Also if it is permanent life insu

Can insurance co-pay be tax deductible?

If you are referring to a MEDICAL/HOSPITALIZATION insurance co-pay, yes, that is deductible as a medical expense. And on property/casualty insurance, it may be deductible as a

Is loan interest on life insurance tax deductible?

Answer   No. Under Section 51(1) of the Internal Revenue Code, the general rule is that interest payments on a loan used to fund a life insurance policy are not deductibl

What deduction is the largest percentage of paycheck deductions?

Probably the OASDI (FICA) (social security and medicare taxes) all mean the same tax. The maximum social security contribution limit is 6621 No limit on the amount of earn

What are the regular taxes and deductions from your monthly paycheck?

Answer . This will depend upon several variables such as the State you live in, the amount of pay and your companies optional elections.\n. \nHere's few items that you can

Are mortgage insurance premiums deductible on your taxes?

No they are not or the death benefit would be taxable.   Since you said mortgage insurance I am assuming that you mean PMI or Private mortage insurance and not mortgage lif

Is sales tax deducted from your paycheck?

Many taxes are deducted from your paycheck, but sales tax is not one of them. Sales taxes are collected by a merchant at the point of purchase of most goods and some services.