By Karin Price Mueller
Q. Many AT&T retirees including myself have been stripped of retirement benefits, some dating back to Ma Bell days. Among the lost benefits starting this year are the company-sponsored life insurance policy in my name. Am I able to take a tax deduction for the lost death benefit which had been an important part of my retirement planning?
- Annoyed
Since tax law changed a few years back, you're correct: There are fewer items to deduct.
That includes property tax deductions, which were eliminated when SALT
-- the State and Local Tax deduction -- was repealed.
Unfortunately, the loss of this life insurance policy won't help you on your taxes, either.
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