Can I save tax by purchasing an insurance policy?



I have purchased a home recently. Can I get some rebate in income tax, if I purchase a home insurance plan?

Can I save tax by purchasing an insurance policy?
Rate these answers

2 Replies to “Can I save tax by purchasing an insurance policy?”

  1. It depends if you have a homeowners insurance policy. That is usually tax deductible. But a home insurance plan? Not sure if that is the same thing or not? Is it a fire insurnace policy?

    If you have a mortgage you are required by the lender to have homeowners insurance.






Leave a Reply

Your email address will not be published. Required fields are marked *