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malonej
New Member

Can you deduct hazard insurance

 
posted
‎March 9, 2024 12:33 PM
last updated ‎March 09, 2024 12:33 PM
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Mike9241
Level 15
Level 15

Can you deduct hazard insurance

not as a personal expense. 

‎March 9, 2024 12:37 PM
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Vanessa A
Employee Tax Expert
Employee Tax Expert

Can you deduct hazard insurance

No.  Hazard insurance on your home is not deductible.

 

If this is a rental property then yes, it is deductible.  

 

Also, if you are self-employed and take the home office deduction, then the portion of the hazard insurance that is related to your home office is deductible if you take the actual expense home office deduction 

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‎March 9, 2024 12:37 PM
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