write off: Mortgage Insurance is Tax Deductible thru 2011
- 12/28/10 10:23 AM
President Obama has signed a bill that has extended the tax deduction of Mortgage Insurance thru 2011. Here are the rules to remember in regards to this tax deduction: your purchase or refinance loan must close before Dec 31st, 2011 household income must be $100,000 or less to get the full write off of the insurance premium. the amount of the write off is reduced by 10% for every $1000 over $100k. With it phasing out at $109,000. meaning if you make over $109k as a household you can not write off mortgage insurance it applies to your primary home and … (1 comments)
President Obama has signed a bill that has extended the tax deduction of Mortgage Insurance thru 2011. Here are the rules to remember in regards to this tax deduction:
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