Usually claimable
Can I claim income protection insurance on tax?
Income protection premiums are often deductible, although treatment can vary by policy type.
General guidance for Australian tax deductions only, not personal tax advice.
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Find my missed deductionsWhen income protection insurance may be claimable
- Policy type and ownership structure matter.
- The premium must relate to eligible income protection cover.
When it is usually not claimable
- Some policy components may not be deductible.
Records to keep
- Policy statement
- Premium payment records
Quick answer
Usually claimable. Whether you can claim income protection insurance usually comes down to work-related use, whether you paid for it yourself, whether any private portion is excluded, and whether you can support the claim with records.
Verify with current ATO guidance
ATO: Occupation and industry specific guidesATO: Records you need to keepATO: Work-related deductions
Deductly guide last reviewed: 2026-04-16