Is homeowners insurance a tax deduction?

Ethan Gonzalez | 2023-05-07 23:43:59 | page views:1694
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Lily Brooks

Studied at Columbia University, Lives in New York City. Experienced marketer currently working for a global advertising agency.
While your fire or homeowners' insurance premiums may be included in your property payments, they are nondeductible expenses, according to the Internal Revenue Service (IRS). You cannot itemize any payments for insurance, including fire and comprehensive coverage, and title insurance, as deductions in your tax return.
2023-05-07 23:43:59

Amelia Brown

QuesHub.com delivers expert answers and knowledge to you.
While your fire or homeowners' insurance premiums may be included in your property payments, they are nondeductible expenses, according to the Internal Revenue Service (IRS). You cannot itemize any payments for insurance, including fire and comprehensive coverage, and title insurance, as deductions in your tax return.
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