Are My Homeowners Premiums Tax Deductible?
When you file your taxes each year, you look for write-offs or deductions that you can use to reduce your tax debt. You can use many of your business expenses as deductions. There are even occasions where you may be able to deduct a portion of your household premiums and other expenses from your yearly taxes. Understanding what counts as a deduction and what doesn’t will help you keep accurate records.