maureentanner
Jan 16, 2009, 10:05 AM
Can I claim Life Insurance payments on my income tax 1040 ?
twinkiedooter
Jan 16, 2009, 11:20 AM
Not that I am aware of. This is something you voluntarily paid out.
AtlantaTaxExpert
Jan 16, 2009, 01:36 PM
Agreed. Life insurance payments are NOT deductible on an individual's tax return.