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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.
Finally, the real benefit of the tax-deductible nature of Supplemental Insurance premiums is evident when calculating aggregate medical expenses. Total medical expenses must exceed 7.5 percent of adjusted gross income (AGI) to deduct them from taxes.