tax law 2011: MI Tax Deductibility Extended Through 2011
- 12/22/10 08:33 AM
The President has signed the bill extending Mortgage Insurance tax deductibility through December 31, 2011. This makes it a great time to tell your customers how they can use MI to buy a home sooner and enjoy predictable payments, while benefiting by deducting the premiums from their income taxes. And MI can be canceled once the home buyer builds enough equity. Details on Tax Deductibility for MI Remain Unchanged The home purchase or refinance loan must close between January 1, 2007 and December 31, 2011; Household income must be at or below $100,000 for a full deduction of premium; The premium … (0 comments)
tax law 2011: MI Tax Deductibility Extended Through 2011
- 12/21/10 11:10 AM
MI Tax Deductibility Extended Through 2011 The President has signed the bill extending Mortgage Insurance tax deductibility through December 31, 2011. This makes it a great time to tell your customers how they can use MI to buy a home sooner and enjoy predictable payments, while benefiting by deducting the premiums from their income taxes. And MI can be canceled once the home buyer builds enough equity.
Details on Tax Deductibility for MI Remain Unchanged The home purchase or refinance loan must close between January 1, 2007 and December 31, 2011; Household income must be at or below $100,000 … (0 comments)
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, signed into law Dec. 17, extends and expands a wide variety of valuable tax breaks and includes tax provisions affecting individuals and businesses. Here's a brief summary of the most important provisions.
Individual Tax Provisions
General: New two-percentage-point payroll tax cut for 2011 Extension of the lower ordinary income tax rates for all tax brackets through 2012 Extension of marriage penalty relief through 2012 Extension of the elimination of itemized deduction and personal exemption phaseouts through 2012 Extension of the deduction … (3 comments)
The President has signed the bill extending Mortgage Insurance tax deductibility through December 31, 2011. This makes it a great time to tell your customers how they can use MI to buy a home sooner and enjoy predictable payments, while benefiting by deducting the premiums from their income taxes. And MI can be canceled once the home buyer builds enough equity.
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