Tratamiento FiscalPregunta 459 de 716
Premiums paid for a personal life insurance policy are generally:
a.Fully deductible from taxable income
b.Not tax-deductible
c.Partly deductible each year
d.Convertible into a tax credit
Explicación
Premiums for personal life insurance are paid with after-tax dollars and are not deductible; the trade-off is that the death benefit is generally received income-tax-free. They are not fully or partly deductible, nor do they generate a tax credit. This nondeductibility is consistent across most personal insurance premiums and is the reason the eventual benefits enjoy favorable tax treatment. Certain business-related arrangements have their own specific rules, but the personal premium itself is not deductible.
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)