Can you write off car insurance?

Can you write off car insurance?

Car insurance is tax deductible as part of a list of expenses for certain individuals. Generally, people who are self-employed can deduct car insurance, but there are a few other specific individuals for whom car insurance is tax deductible, such as for armed forces reservists or qualified performing artists.

Is PMI the same as hazard insurance?

Is hazard insurance the same as PMI? Though they’re both forms of insurance, PMI and hazard insurance are not the same. Remember that PMI stands for private mortgage insurance. It’s what protects lenders if a borrower can no longer make their mortgage payments.

What’s the difference between hazard insurance and homeowners insurance?

The purpose of homeowners insurance is to help you repair or replace your home if it is damaged by a covered peril. “Hazard insurance,” as it is commonly referred to, is the list of perils your homeowners insurance policy protects against. These typically include: Explosions. May 14, 2021