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Homeowner's insurance on tax return?


Recently, i took my grandma to H&R Block to have her taxes done. my mom used to do this, btu she passed away. I live with my grandma and have never owned a house and my grandma has dementia and can't remember house-related details.

Her homeowner's insurance is paid through April of this year and therefore I have never seen a bill for it.

I had no idea she HAD homewoner's insurance as I just paid the bills that came in and when I took her to get her taxes done, I told them she didn't have it.

Now it turns out, she DOES have it. She has gotten both checks, but I have not cashed them yet. The H&R Block person says it won't matter on her return as homeowner's insurance is not a deductible expense, but I don't want her to get audited.

Am I safe to cash the checks?

The checks can be cashed

The preparer is correct that Homeowners Insurance is not Tax deductible, Source(s): Internal Revenue Service
1-800-829-1040
It is safe to cash the checks.

What state are you in? Grandma's homeowner's insurance can figure into state tax returns.

If she is in Louisiana for example, she will get a rebate of the hurricane assessment. Since the policy is renewed in April, the assessment will appear on her 2007 bill and she will get the refund next year.
Yes, cash them. Homeowner's insurance is not deductible.
Cash the return checks. Home owners insurance-- like car insurance-- is not deductible. Only property taxes and interest are deductible.

She wont get audited and even if she did--- you didnt claim the deduction of HO insurance, which is correct, so you're fine.
It is safe to cash the refund checks. If you need to make any changes to her taxes you could always amend them.

If the house is a single family home then the home owner's insurance is not deductible.

If the house is a multiple family and is being rented then she can deduct part of the insurance.

It all depends on her situation.
Tax Advisor
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