Manufacturers may alter their products and/or packaging and the packaging and products may be different from what is shown on www.hy-vee.com. Read labels, warnings and directions on the package before using or consuming a product and contact the manufacturer to obtain additional information about a product. Content on www.hy-vee.com is not a substitute for advice given by a physician, pharmacist or other licensed healthcare professional.
Premiums are not deductible regardless of whether the insurance is government life insurance or regular commercial life insurance. Although life insurance premiums, as such, are not deductible, they may be deductible as the payment of alimony or as charitable contributions.
However, the money you paid out of your own pocket for your premiums might be tax deductible. You canât take a deduction for health insurance you paid for with pre-tax money. If you have insurance through your employer, the premiums you pay are usually taken out of your paycheck before your income taxes are calculated. Since these premiums are paid with pre-tax dollars, theyâre already income-tax-free, meaning you canât claim them as a tax deduction.