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Is mortgage insurance tax deductible?

Harper Morris | 2023-06-05 06:08:47 | page views：1148
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Ethan Davis

Works at the International Labour Organization, Lives in Geneva, Switzerland.
Yes, if you itemize and the insurance contract was issued after 2006. However, once your adjusted gross income (AGI) exceeds $100,000 ($50,000 for married filing separately) the deduction is reduced. The mortgage insurance deduction is eliminated once your AGI surpasses $109,000 ($54,500 if married filing separately).Mar 26, 2018
2023-06-07 06:08:47
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Liam Patel

QuesHub.com delivers expert answers and knowledge to you.
Yes, if you itemize and the insurance contract was issued after 2006. However, once your adjusted gross income (AGI) exceeds $100,000 ($50,000 for married filing separately) the deduction is reduced. The mortgage insurance deduction is eliminated once your AGI surpasses $109,000 ($54,500 if married filing separately).Mar 26, 2018
Can I deduct mortgage insurance (PMI or MIP)? - TurboTax Support ...
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