The Insurance Locator

Tax break for auto insurance needs?

This has been listening to me – in Calfornia we are required by state law to have auto insurance and have to purchase it from private companies. Since the state requires this I think we should be able to deduct the amount of the premiums of our taxable income in our statement State income tax. Does this make sense to anyone? Serious answers only please – Thanks

No, no, no – there are plenty of things in life must be taken, and even California has not yet come to where he feels compelled to subsidize all those elements.

Barbara Anthony On Auto Insurance Law Changes