GL Insurance, is it deductable?

[radfly]

Team, this is my first year as a contractor and I am not very versed on business taxes... Question for those that are... Is general liability insurance tax deductible?

Thank you.

 

[DunRite]

Absolutely..

Its a business expense

 

[mistersqueegee]

It is for me

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[DunRite]

Team, this is my first year as a contractor and I am not very versed on business taxes... Question for those that are... Is general liability insurance tax deductible?

Thank you.

You need to get with an accountant

 

[al9226]

I am set up as an LLC. It's deductible for us but as Mike says, check.


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[Rance]

It is for us.

 

[Chris Dubbs]

Yes, it is a business expense!


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[radfly]

Great! Thank you!

 

[Zap It Wash]

For sure