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April 8, 2025
Question

Can we deduct supplemental insurance premiums?

  • April 8, 2025
  • 1 reply
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Can we deduct supplemental health insurance premiums?

1 reply

April 8, 2025

No, Taxpayers cannot deduct the cost of supplemental insurance policies, such as those provided by AFLAC, on their tax returns. According to the IRS, the cost of an insurance policy that pays a specified amount to insured parties who are sick or hurt is not a deductible medical expense.

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