Can You Deduct Homeowners Insurance From Your Taxes?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    Not unless your home is also your business.  If you have an office in your home that portion of the home is deductible and the insurance on that portion  would also be.  As a rule though the answer would be no.  Check with your tax adviser for guidance on your personal situation.
    Answered on May 21, 2013
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