Mortgage Insurance Premium Deduction Is Back! (for now)

The mortgage insurance premium deduction has been extended through 2013 for mortgages taken out or refinanced after January 1, 2007!

To qualify for a full deduction, a couple or a single taxpayer must have AGI of $100,000 or less to get a full deduction and no more than $109,00 to get a partial deduction. A married person who files separately must have AGI of $50,000 for the full deduction, or no more than $54,500 for a partial deduction. For more details, visit: http://turbotax.intuit.com/support/iq/Your-Home/Mortgage-Insurance-Deduction-/GEN12429.html