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Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc.

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Old 02-26-2013, 08:33 PM
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CrackerJacks CrackerJacks is offline
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Default Other Insurance: Aflac etc, Is It Deductible?

What about other types of insurance such as Aflac and in the state I live in you can elect to pay what is called a "elective coverage" insurance, which is basically a disability ins and also covers what the state would pay for family leave. Is any of this deductible?
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Old 02-26-2013, 10:04 PM
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Default Insurance

Health insurance (including insurance with elective coverage such as Aflac) is not deductible as a business expense unless you set up a Section 105 medical reimbursement plan. See my article on how you might deduct family medical expenses:http://www.tomcopelandblog.com/2011/...eductible.html
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