Itemized Deductions - Homeowners Nondeductible Payments

**The information below has not been verified for the 2020 tax year as IRS Pub. 530 has not yet been released by the IRS.**

Per IRS Publication 530 Tax Information for Homeowners, on 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, for more information.
  • Forfeited deposits, down payments, or earnest money.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.