Are Insurance Premiums not part of a home lender loan paid for home insurance through USAA, tax deductable?

gasperde95 · ‎June 5, 2019

We do not have a home lender, like a bank or any financial institution. However, we pay insurance premiums to USAA for home insurance.

IsabellaG · ‎June 5, 2019

No, regular homeowner's insurance isn't deductible. Only certain mortgage insurance premiums (to insure against the borrower defaulting on his or her mortgage)are deductible.

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IsabellaG · ‎June 5, 2019

No, regular homeowner's insurance isn't deductible. Only certain mortgage insurance premiums (to insure against the borrower defaulting on his or her mortgage)are deductible.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Are Insurance Premiums not part of a home lender loan paid for home insurance through USAA, tax deductable?