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Per IRS Publication 530, Tax Information for Homeowners, page 2:

Nondeductible payments. You can't deduct any of the following items.

  • Insurance (other than mortgage insurance premiums), including fire and comprehensive coverage, and title insurance.
  • Wages you pay for domestic help.
  • Depreciation.
  • The cost of utilities, such as gas, electricity, or water.
  • Most settlement costs. See Settlement or closing costs under Cost as Basis, later in Pub. 530, for more information.
  • Forfeited deposits, down payments, or earnest money

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