Is Mortgage Insurance Tax Deductible?
Yes it is but there are income limits. If your adjusted gross income is more than $100,000 the deduction is limited and if you’re over $109,000, no deduction is allowed.
This is very important because I know there are people who tell their clients that it is tax deductible when trying to sell them a product. Make sure to always consult your CPA or accountant. You can also go onto www.irs.gov and search for yourself.