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February 9, 2022
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Can I deduct Hazard Insurance and Mortgage Insurance?

  • February 9, 2022
  • 1 reply
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Best answer by MAK70

If it is for your personal residence, you cannot claim Hazard Insurance.  If you itemize deductions, you can deduct the Mortgage Insurance.  

 

If it is a rental property, you can deduct the Hazard Insurance and Mortgage Insurance as an expense.

1 reply

MAK70Answer
February 9, 2022

If it is for your personal residence, you cannot claim Hazard Insurance.  If you itemize deductions, you can deduct the Mortgage Insurance.  

 

If it is a rental property, you can deduct the Hazard Insurance and Mortgage Insurance as an expense.