Any purchase or refinance that closed after December 31, 2013 are eligible for qualified borrowers. Borrowers with an adjusted gross income of less then 100,000 would be able to deduct 100% of their MI premium. It is subject to income limits. Please consult your CPA or tax professional for advice.
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor
Shawn - Thanks for sharing this information. I am not sure that all home owners know their mortgage insurance may be tax deductible.
Apr 27, 2015 04:58 PM
Like
favorite_border
1
-
Shawn Sidhu
San Jose, CA
Comments(2)