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	<title>New answer on: Can I Claim Renters Insurance On My Taxes?</title>

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		<title>By: Chris Lynch</title>

		<link>https://insurancelibrary.com/renters-insurance/can-i-claim-renters-insurance-on-my-taxes</link>

		<dc:creator>Chris Lynch</dc:creator>

		<pubDate>Wed, 03 Sep 2014 15:34:05 +0000</pubDate>

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		<description><![CDATA[The IRS does not look favorably on any personal insurance deductions such as car, home, boat, jewlery or fine art insurance or rental insurance.   However, Renter&#039;s Insurance Can be tax deductible if you operate a business out of your home. In order to claim the renters insurance as a valid deduction you must allocate a certain percentage of your home as your office space and that portion theirof is tax deductible as part of eligible expenses. If you do not own a business, you cannot deduct your renter&#039;s insurance]]></description>

		

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