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6 July, 06:38

What is not a required deduction

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  1. 6 July, 06:48
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    Disability insurance is the one which does not required

    Explanation:

    Deduction is a reduction, in the taxable income of the person or an individual, which in turn lower the amount of the tax owed.

    In other words, it is an expense which is deducted from the married couple or the individual gross income so that the amount which is subject to the income tax. It is also called as the allowable deduction.

    Disability insurance is the term which is defined as the income protection insurance, that provide the person with the financial support, if the person is unable to work because of illness or injury. So, it is not required deduction.
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