View Full Version : IRS Tax deduction
tambar
Apr 14, 2009, 11:43 PM
Why are not all PMI insurance on your mortgage deductible?
ebaines
Apr 15, 2009, 06:19 AM
The cost of insurance is not a deductible personal expense. Doesn't matter whether you're talking about insurance on your home, life, auto... whatever.
AtlantaTaxExpert
Jun 10, 2009, 12:23 PM
ebaines:
Actually, a portion of the PMI IS now deductible on the 2008 return; recent change in the tax law.
IntlTax
Jun 10, 2009, 01:17 PM
Why are not all PMI insurance on your mortgage deductible?
Because Congress chose to only allow some PMI to be deductible.