Have you protected your business? You qualify for a tax deduction if you have General Business Liability Insurance, Business Property Insurance, or Business Interruption Insurance. You cannot, however, claim life insurance unless you’ve used it as collateral for a business loan.
If you are wondering when you will receive your income tax refund, you can login to My Account online, or call Telerefund at 1-800-959-1956. Most refunds will come within 10 business days if the income tax return was e-filed, and 8 weeks if paper filed.