Incorrect information about tax deduction for LTD premiums paid
March 14, 2012
A recent article in The Report contained incomplete information about tax deductions.
The potential for deducting for LTD premiums only applies if you are on an accepted LTD claim.
A member who is on an accepted LTD claim may be able to claim on their tax returns for LTD premiums they have previously paid. Whether they are eligible to do so, and how far back they can claim, is something HSA recommends you discuss with a financial or tax professional.