You may be able to deduct multiple types of insurance premiums from your taxes, including the amount you spend on car insurance, home insurance, health insurance, life insurance and more.

Some life insurance policies allow you to add optional coverage ... That can include stays in assisted-living facilities or nursing homes. Yes, you can deduct health insurance premiums on your taxes ...

Speak with your insurance agent and tax advisor for a complete list of premiums and insurance-related costs that your business can deduct. According to the IRS regulations, businesses generally can’t ...

With just over 10 days left to save on taxes, individuals can invest in instruments under Section 80C to reduce their taxable ...

Health insurance is expensive, but several tax breaks can help you pay your premiums and deduct your health care expenses. New tax laws in 2021 expanded these benefits even further, which can be ...

Sound financial planning is undeniable for a secure and stress-free future. Along with savings and investments, you need to ...

The instructions for the 2010 Form 1040 indicate that Medicare premiums can be used to compute the deduction under Section 162(l). The Form 1040 instructions for earlier years omitted that mention.

Yes, you can claim a deduction of premiums paid towards ULIPs ... 2002 (58 of 2002) or of LIC Mutual Fund referred in 10(23D) shall also be eligible for deduction,” she adds.