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April 24, 2023
Question

Do I report critical illness insurance cancellation premiums? If so where?

  • April 24, 2023
  • 1 reply
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    1 reply

    TurboTaxSusan
    April 29, 2023

    A return of premium at cancellation from a critical illness insurance policy is tax-free when none of the premiums paid have been deducted, and represent no more than the total premiums paid.