Is home insurance tax deductible?

Can homeowner enjoy tax benefits on home insurance? Is home insurance tax deductible? Please provide some insights in regards to it.

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    Your house payment may include several costs of owning a home. The only costs you can deduct are real estate taxes actually paid to the taxing authority, interest that qualifies as home mortgage interest, and mortgage insurance premiums. Please contact the concerned authority for more accurate information.

    Novice Answered on March 9, 2016.
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