Is home insurance tax deductible?

Answer On One Hand: No deductionThe Internal Revenue Service generally does not allow you to deduct the cost of home insurance from your federal income taxes.On the Other: Home office deductionIf you use ... Read More »

Top Q&A For: Is home insurance tax deductible

What is a mobile home insurance deductible?

Mobile home insurance is similar to homeowners insurance in that it offers personal property coverage, personal liability coverage and medical payments coverage. When a claim is presented, often a ... Read More »

Is home owner's insurance deductible on taxes?

Homeowners insurance premiums are not tax deductible. Neither are fire insurance premiums. Real estate taxes paid to the taxing authority, home mortgage interest and mortgage insurance premiums are... Read More »

Will secondary insurance pay the co-insurance amount of primary insurance if you have met the deductible in secondary insurance?

Answer You're going to have to look at your policy or brochure to see what the provisions are.For more details see

Is FHA insurance deductible?

FHA mortgage insurance premiums can be deducted from your federal income taxes if the loan was taken out after 2006. However, you must itemize your deductions to write off the expense and your adju... Read More »