Is Workers Compensation Insurance Tax-Deductible?
Is Workers Compensation Insurance Tax-Deductible?
In the eyes of the IRS, workers compensation insurance is typically tax-deductible. You’ll want to make sure to keep track of your premium payments and include them at tax time.
As with anything related to taxes, it’s a good idea to talk with an accountant or other tax professional who is familiar with your business. They can provide the best advice and guidance for you.
So to reiterate what was listed at the beginning of this article, keep these questions handy so that you can get the answers you need regarding “Everything Workers Comp Insurance.”
Want to know more about workers compensation insurance? Check out:
Is Your Business Insured?
Whether you’re shopping for a brand-new policy or comparing policy prices, we can help you find affordable protection that’s personalized to your needs.
Start your quoteINSURANCE
Business InsuranceGeneral Liability InsuranceWorkers Compensation InsuranceProfessional Liability InsuranceErrors & Omissions InsuranceSole Proprietors Workers CompensationCyber InsuranceSelf-Employed InsuranceBUSINESSES
Contractors InsuranceCleaners InsuranceE-commerce InsuranceHandyman InsuranceHome Improvement Contractor InsuranceLandscaping InsuranceLawn Care InsurancePhotographers InsuranceABOUT
About usContact UsCareersSite MapInsurance ProvidersSIMPLY U
General BusinessProtect Your BusinessStart Your BusinessADDRESS
Simply Business1 Beacon Street, 15th FloorBoston, MA02108
LEGAL
Terms & ConditionsPrivacy PolicyDo Not Sell My Personal InformationResponsible Disclosure Policy*Harborway Insurance policies are underwritten by Spinnaker Insurance Company and reinsured by Munich Re, an A+ (Superior) rated insurance carrier by AM Best. Harborway Insurance is a brand name of Harborway Insurance Agency, LLC, a licensed insurance producer in all 50 states and the District of Columbia. California license #6004217.
© Copyright 2023 Simply Business. All Rights Reserved. Simply Business, LLC is a licensed insurance producer in all U.S. States and the District of Columbia. Simply Business has its registered office at Simply Business, 1 Beacon Street, 15th Floor, Boston, MA, 02108. In the state of California, we operate under the name Simply Business Insurance Agency, Inc., License #0M20593. In the state of New York we operate under the name Simply Business Insurance Agency. In the state of Texas we operate under the name, U.S. Simply Business, Inc. For more information, please refer to our Privacy Policy and Terms & Conditions.