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Q: Can you deduct house insurance from your taxes?
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Can you deduct life insurance premiums on taxes?

No


Can you deduct life insurance on taxes?

Generally as personally owned life insurance you would not deduct the premiums on your taxes. This would make the normally nontaxable death benefit subject to taxation.


What is formulated into payroll tax deductions?

You will always want to deduct any taxes that are paid out of your income. You can also deduct premiums for life insurance, as well as other types of insurance.


Can you deduct cancer insurance from your taxes?

Generally, the premiums are not deductible, and benefits would not be taxable income.


Can a Self employed person deduct health insurance premiums on their taxes?

Yes, beginning in tax year 2010, you can deduct health insurance premiums when arriving at income subject to SE tax.


Do you pay taxes on house insurance claim?

income taxes ? no insurance payments are exempt


Can I deduct the price of my property rental from my taxes?

If you are the one renting the property you can not deduct this from your taxes. If you are the landlord you can receive a deduction on your taxes for owning the property.


How is state unemployment funded?

Employers deduct a portion of employees' paychecks to deposit into an unemployment insurance fund each pay period.


Can you deduct insurance premiums as a medical expense on federal taxes?

Can I add my monthly health insurance payment from my employer to my medical deductions, such as medications prescribed, office visits, etc..


Can you deduct payroll taxes?

A individual taxpayer cannot deduct payroll taxes on the individual taxpayers income tax return.


Can you deduct insurance premiums on taxes?

Depends on how you paid the premiums. If you paid the premiums on a pretax basis, then you cannot declare the premiums. Many COBRA payments, retiree insurance payments and so on can be deducted.


Can you deduct the amount you pay your tax account?

I am not sure what you mean by this or what kind of tax account you may be referring to.On your federal income tax return, you may deduct payments of various types of state and local taxes that are imposed on you within limitations. These include real estate, state and local income taxes, and sales taxes (but not both sales taxes and income taxes). You may not deduct federal incomes taxes. You may not deduct interest or penalties.A few states let you deduct federal income taxes on your state return.