Can you claim the homeowner's insurance as a tax dedcution?

5 ⤊

2007-04-04 06:40:50 · 4 answers · asked by Sarah W 1 in Business & Finance ➔ Taxes ➔ United States

Only if there is business use of that home.....

good luck

2007-04-04 06:59:37 · answer #1 · answered by Wood Smoke ~ Free2Bme! 6 · 1⤊ 0⤋

No, not on your personal residence. If you own rental property, the insurance on that would be an allowable expense.

2007-04-04 14:23:20 · answer #2 · answered by Judy 7 · 2⤊ 0⤋

Only if you are renting out the home. If it's your principal residence you cannot deduct insurance.

2007-04-04 13:44:45 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 1⤋

nope

2007-04-04 13:43:25 · answer #4 · answered by Matt K 4 · 1⤊ 0⤋