I've always deducted my regular homeowners insurance that is escrowed through my mortgage on my primary home. Has something changed or has it never been allowed?
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I've always deducted my regular homeowners insurance that is escrowed through my mortgage on my primary home. Has something changed or has it never been allowed?
I've always deducted my regular homeowners insurance that is escrowed through my mortgage on my primary home. Has something changed or has it never been allowed?
Homeowner's insurance on your primary residence is NOT a deductible expense. Never has been.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.