Discover why homeowners insurance is generally not tax deductible and learn about exceptions for home business use and rental properties in this informative guide.

As people grow older, life insurance is a topic that becomes more and more important, especially for people who have children or dependents. Life insurance is a method for helping the security of ...

As tax season approaches, many homeowners find themselves sifting through receipts and financial documents, searching for every possible deduction to reduce their taxable income. One question you may ...

Drivers who use their vehicles for business purposes may be eligible for a tax deduction on their car insurance and other vehicle-related expenses. Drivers have two options when filing for ...

Becoming a homeowner is exciting but, no matter how you look at it, it’s also expensive. Homeowners insurance alone costs an average of $2,377 annually, and rates continue to rise. And while insurance ...

Life insurance provides protection and financial security to individuals and their loved ones. It serves as a contract between the policyholder and the insurance company. The policyholder pays ...

Indexed universal life (IUL) insurance offers a unique blend of life insurance protection and the potential for cash value growth linked to market indexes. One of the primary tax advantages of IUL ...

The wealthiest Americans are using high-end life insurance policies as a way to dodge billions of dollars in taxes, according to a Senate report released Wednesday. The Democrat-led Senate Finance ...

After devastating losses, some fire victims will hopefully be receiving money soon from their insurance companies, even if any eventual lawsuit recoveries may be years away. The IRS and the California ...

With current estate-tax rules set to expire at the end of next year, life insurance could help heirs to some high net worth clients avoid bigger costs and payments to Uncle Sam in the future.

The “hidden costs” of homeownership, including rising property taxes and homeowners insurance, are the biggest risk factors for rising mortgage delinquencies in the present market, according to a new ...