Mortgage Insurance (MI) Is Now Tax Deductable!!!
Uncategorized September 28th, 2007Great News!!! Did you know that Mortgage Insurance is now tax deductible?! When you bought your home, if you did not put down at least 20%, you are most likely paying mortgage insurance as part of your monthly payment. It could be as little as $30 per month or up to hundreds of dollars! If your anual gross income is less than $100,000 a year it is 100% deductible. If your income is between $100,000 and $110,000 it is slightly less.
See your tax preparer for more information! If you live in Northwest Georgia, I have a great tax specialist I can refer you to!
Blessings to you all! If there is a topic you would like me to write about please email me!
--Darcy