Is homeowners insurance tax deductible?

Homeowners insurance premiums are generally not deductible on your personal income tax return. However, there may be cases where you can deduct homeowners insurance premiums as a business expense. Consult a tax professional for more details about your specific situation.*

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How can I deduct homeowners insurance premiums?

You may be able to claim a deduction for homeowners insurance premiums if it's a business expense.

  • If you work from home, your tax professional may determine that a certain percentage of your homeowners insurance premiums may be claimed as a business expense, based on the percentage of space in your home that's used for business purposes. Note, this deduction is only allowable if you are self-employed and is generally not allowable for employees.
  • If you're insuring a rental property, your tax professional may determine that the home insurance premiums are tax-deductible as a business expense necessary to protect the value of the rental property.

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Please note: The above is meant as general information to help you understand the different aspects of insurance. Read our editorial standards for Answers content. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy and/or speak to an insurance representative. Coverages and other features vary between insurers, vary by state, and are not available in all states. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation. We are not responsible for the content of any third-party sites linked from this page.