Is hazard insurance deductible?

Hazard insurance isn't deductible as an itemized deduction on your personal return. For most people, it's not reported anywhere on your tax return. However, if the hazard insurance was for a rental home, you can deduct it against your rental income. If the hazard insurance is for a business, then it can be deducted against your business income.

Free federal for everyone

Start 2025 return