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If dental and/or critical illness insurance payments to
If dental and/or critical illness insurance payments to Aflac are paid with after-tax money, are those premiums deductible with the IRS or State of NJ? If so, do I need to reduce the deduction by the … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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As a part of my health insurence I have critical care. I
As a part of my health insurence I have critical care. I received a payment form them for my wife who was diagnosed with cancer. Is this oney taxable?4 … read more
Tax.appeal.168
Tax.appeal.168
Principal
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I had a critical illness benefit of $50,000 paid to me after
I had a critical illness benefit of $50,000 paid to me after multiple stroke. My insurance was taken out pretax. How much is taxed as ordinary income? … read more
emc011075
emc011075
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I have received a payment form my insurance company due to
I have received a payment form my insurance company due to an illness. Do I have to pay taxes on this? … read more
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Is Aflac Premiums deductible for myself on schedule C?
Is Aflac Premiums deductible for myself on schedule C? I have Supplemental Health Insurance on Aflac. Looking to deduct premiums on my schedule C.… read more
Barbara
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I own an AFLAC supplemental cancer insurance policy
I own an AFLAC supplemental cancer insurance policy established in 2002. I have paid all of the policy premiums out of my own pocket. I was diagnosed with cancer last year and have just received my be… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,274 satisfied customers
I have Aflac and premiums are paid pre-tax, we used our
I have Aflac and premiums are paid pre-tax, we used our cancer policy this year and received benefit check. I need to know if we have to pay income tax on that money. … read more
Anne
Anne
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I currently own a whole life insurance husband and I. I am
I currently own a whole life insurance for my husband and I. I am looking into buying a term life insurance to supplement his that has living benefits. This term life insurance pays accelerated death … read more
Robin D.
Robin D.
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S-Corp owners Health Insurance. Company pays Life, Cancer,
S-Corp owners Health Insurance. Company pays Life, Cancer, Health, Vision, Critical Illness, and Dental for owners and salary employees 100%. Question, as an S-Corp owner, are all of the coverage allo… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,659 satisfied customers
I have an AFLAC cancer policy which is deducted from my paycheck
I have an AFLAC cancer policy which is deducted from my paycheck monthly. My employer writes the check, but I essentially pay 100% of the premium through a payroll deduction. I received a large benefi… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have an AFLAC Cancer policy for which premiums are being
I have an AFLAC Cancer policy for which premiums are being deducted pre-tax from my paycheck. I had a episode with cancer and filed a claim and AFLAC sent me a check. They said at the time that they d… read more
Barbara
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Enrolled Agent, Paralegal
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C Corporation. 100% owner, only employee Are payments by
C Corporation. 100% owner, only employee Are payments by the corporation directly to a short-term health care plan eligible? Then I qualified for Blue Shield as an individual. In both cases, corporati… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
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I have a question about a critical illness accelerated death
I have a question about a critical illness accelerated death benefit tax consequence. I was paid an amount of money from a policy after being diagnosed with cancer. I'm not sure if I owe money this ye… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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We have recieved benefits on a Cancer policy through Aflac,
We have recieved benefits on a Cancer policy through Aflac, payments are for events/treatments. I pay for the policy with pre-tax dollars, the program is offered to the city employees, but is not a pa… read more
Lev
Lev
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Bachelor's Degree Equivalent
40,659 satisfied customers
I had a cancer insurance policy that was cancelled in 2005.
I had a cancer insurance policy that was cancelled in 2005. It paid us several benefits for my son with cancer. I was told that those benefits were not taxable because I paid the premiums and not my e… read more
Merlo
Merlo
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558 satisfied customers
My employer put my payments for an AFLAC policy in box 12b ...
My employer put my payments for an AFLAC policy in box 12b with a code W. This is for an MSA, which I did not have. Where should those insurance payments have been listed?… read more
Jim Revels
Jim Revels
Master's Degree
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My wife received payments from Aflac for benefits under an ...
My wife received payments from Aflac for benefits under an Accident policy and Intensive care policy that was provided for her at no cost by her employer. Most of the payments were for specific injuri… read more
Ed Johnson
Ed Johnson
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Can a small business owner (a home builder) use the ...
Can a small business owner (a home builder) use the insurance benefits that the business pays for the employees (6 total); be a total tax write off for the business. State: Indiana. Type of insurance … read more
MequonCPA
MequonCPA
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