*Loan,banking and credit>>>homeowner insurance

Does anyone know if homeowners insurance and/or car insurance is tax deductible? If so state or Federal?

What is deductible on state/federal taxes.....is homeowners and or car insurance?

Insurance premiums for your house and car are not deductible on the Federal Tax return Source(s): Internal Revenue Service
1-800-829-1040

I don't believe so. That would be nice though. I'm in California, so your state may have different rules.
no, it isn't
I is if it says so
You get a rax deduction if you buy something related to your job that your company did not pay you back for.
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Neither are deductible if it's for your personal use. If it's for a business, then you can deduct them.
Insurance is not. But the interest you pay on your home loan is. The interest on your car loan is not. Sales tax is too, if you keep receipts (maybe just for large purchases) for the whole year.

If you use your car for work (not just to and from) and are not reimbursed by your company, you can deduct mileage at somewhere about (don't quote me - this is ballpark) $0.425 a mile. I know federal allows this, but unsure about state.