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tax-reliefsAnswered

Why does Japan's life-insurance premium deduction reward classification more than sheer premium size?

HS
Haruka Sato
May 28, 2026 3,331 views 1 answer
Japanlife insurance premium deductionNTAincome tax

I pay several insurance premiums in Japan and assumed the tax deduction would mostly track how much I spend. Please explain why the Japanese deduction works more like a category system with ceilings, and why people can pay a lot in premiums without getting a matching-sized tax break.

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