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Chris T., JD
Chris T., JD, Attorney
Category: Legal
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Experience:  Experienced in both state and federal court.
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Is house insurance deductible?

Customer Question

Is house insurance deductible for homeowners?
Submitted: 6 months ago.
Category: Legal
Expert:  Chris T., JD replied 6 months ago.

Hello. I'll be happy to assist you.

The only costs you can deduct are real estate taxes actually paid to the taxing authority, interest that qualifies as home mortgage interest, and mortgage insurance premiums. Standard homeowner's insurance is not deductable on your federal income taxes.

Expert:  Chris T., JD replied 6 months ago.

Do you have any questions? If so, feel free to ask. If not, please remember to "rate" my answer before you go. Good luck.