Is Life Insurance A Pretax Deduction? 
Be very careful here . This is a big deal . There are certain types of life insurance that can be paid for with pre-tax dollars . If you 're company offers you benefits and you can purchase life insurance through your benefit plans , there is a certain amount you can purchase pre-tax with no ramifications . To find out exactly what the types and limits are , you need to consult the HR department or your accountant . The place you have to be careful is deducting premiums for life insurance that does n't fall in these categories . The IRS , for the most part , wo n't let you pay the premiums without tax AND let your beneficiaries collect the benefit without tax . It wants the tax from one of those . So , if you deduct the premiums , there is the possibility that the death benefit to your beneficiaries will be a taxable event . 