HAÏTI : Suivez le Journal "PREMYE OKAZYON" du Mercredi 11 Juillet 2018 - Men Kòman AYITI Reveye pou Jounen an / JOUNAL tout PEYI a an DETAY - ANPIL GWO NOUVEL !

Écoutez en DIRECT le Journal "PREMYE OKAZYON" du Mercredi 11 Juillet 2018 - Men Kòman AYITI Reveye pou Jounen an / JOUNAL tout PEYI a an DETAY - ANPIL GWO NOUVEL !

 REYAKSYON GUERRIER HENRI SOU RANKONT PREZIDAN JOVENEL MOISE AK SEKTE EKONOMIK KI PEDI BYEN YO

_Promoted

Is Homeowners Insurance Tax Deductible?

In most cases, homeowners insurance is not tax deductible. While some elements of homeownership, such as mortgage interest, may be partially tax deductible, the premiums you pay for a home insurance policy are treated similarly to any other personal expense related to your home, such as a utility bill.
However, there are a few cases where some insurance premiums may be deducted. The most common case is if you have an office in your home.

Home Office

If you have in your home an office that’s used solely for work purposes, you may be able to deduct some of your homeowners insurance premiums. The amount you'd be able to deduct will be proportionate to the percentage of your total home expenses that you allocate to that office. For example, if 15% of your total housing expenses go toward that space, you would be able to deduct up to 15% of your homeowners insurance premiums for that year.