Is Workers Compensation Premiums Tax Deductible
Is Workers Compensation Premiums Tax Deductible . Calculated at a periodical rate. You don't include payments made to you under an income protection, sickness or accident insurance policy (where the premiums are deductible. How Do The New Tax Laws Affect Homeowners? Palm Desert from palmdesertinsurance.net It is not tax deductible. Rate reflects expected losses and the insurance company’s. The irs, however, does not allow employees to deduct any workers ' compensation benefits they receive from their taxes.