Tax Deductibility of Mortgage Insurance Extended!

Great news for the New Year! The mortgage insurance tax-deductibility law has been extended
through 2011.

        

•           Eligible borrowers with adjusted gross incomes up to $100,000 may be able to deduct

100% of the MI premiums paid in 2011.

•           Deductions are phased out in 10% increments for borrowers with adjusted gross incomes

between $100,000 and $109,000.