Are mortgage insurance premiums deductible?

Answer You can deduct mortgage insurance premiums as an itemized deduction on your federal income taxes if your home mortgage was taken out after 2006. If you took out your mortgage in 2006 or earlier, yo... Read More »

Top Q&A For: Are mortgage insurance premiums deductible

Are life insurance premiums tax deductible?

According to the Internal Revenue Service (IRS), life insurance premiums are not tax deductible on your federal income taxes. Only certain medical insurance premiums are deductible as an itemized d... Read More »

Are disability insurance premiums tax deductible?

According to, disability insurance premiums are generally not tax deductible, but the benefits you receive may not be treated as taxable income. If premiums are paid with after-tax income,... Read More »

Are cancer insurance premiums tax deductible?

Cancer insurance premiums are tax deductible, as long as you do not have an employer-sponsored insurance policy. However, if you have an individual insurance premium, it is tax deductible as long a... Read More »

Are health insurance premiums tax deductible?

Health insurance premiums can be deducted from your federal income taxes once your medical expenses exceed 7.5 percent of your adjusted gross income. Anything you pay above the 7.5 percent is deduc... Read More »