Half of Americans Believe This Falsehood About Their Insurance – Chris Kissell

Woman looking at tax document
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Half of American adults mistakenly believe they can write off their insurance premiums when they file a tax return, according to a recent ValuePenguin survey. The notion that you can deduct home, health, auto or life insurance premiums is wishful thinking for most people. But 49% of Americans do not realize this, the survey found. Those who are most likely to be mistaken about the deductibility of…

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