Alex Stenbeck Reports: Mortgage Insurance Premiums May Be Deductable
Congress Passes Tax Deductibility of Mortgage Insurance Premiums
A rare bit of good news from the beltway: Early last Saturday morning, congress passed a “tax extender” package that included the deductibility of mortgage insurance on new mortgages originated in 2007. Though this is great news, and a long anticipated change, there are some restrictions, so not every homeowner will benefit. The rules, as we understand them, follow:
