- April 27, 2024
- Posted by: legaleseblogger
- Category: Related News
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****** just grabbed a
It could be this:
“You can claim the cost of income protection insurance if the insurance payout would be taxable. Ask your insurance provider if your income protection insurance is deductible (can be claimed as an expense). This is also called ‘loss of earnings’ insurance”
You can claim the cost of the premiums you paid. It falls under the expenses section. I have previously claimed for Income Protection Insurance premiums.
[IRD Info Page Link](https://www.ird.govt.nz/income-tax/income-tax-for-individuals/types-of-individual-expenses)
Honestly I always cross check any communication from any company or department. It’s probably a scam