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Should you return a partial payout from a home insurance claim?
Do you need to return extra money from a home insurance claim? Bankrate explains.
7 min read
Jun 28, 2023
Lauren Ward has nearly 10 years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, and Reviews.com. She covers auto, homeowners, life insurance, and other topics in the personal finance industry.
Do you need to return extra money from a home insurance claim? Bankrate explains.
Typically, taxpayers have two options: Take the itemized deductions or take the standard deduction.
You have to do some math to determine which method to use, but it’s worth it.