Is Homeowners Insurance Tax Deductible?
You may have heard you are entitled to quite a few tax deductions as a homeowner. Since homeowners insurance is one of several major expenses you must pay every month, you may be wondering if you can give yourself a tax break by writing off a portion or all of your premiums. Generally, homeowners insurance is not tax-deductible, but there are a couple of exceptions when it is. Here's more about this benefit.