Question

Can I take off what I pay for auto and home insurance? if so where do i put that?

Forum|Forum|7 years ago
June 6, 2019
1 reply
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TurboTax Free Edition Online

Employee

Homeowners Insurance for a personal residence, not used as a rental or in a business, is not deductible on a tax return.

Auto insurance for a personal vehicle, not used in a business, is not deductible on a tax return.

K

Kathy26

I do not think that is fair. We are retired and we have to have home and auto insurance. If only business people can claim this, it just doesn't seem right.😪

X

xmasbaby0

Employee

@Kathy26 We do not write the tax laws. We just tell you what they are so you will not mess up your return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**