Comments on: New Tax Deduction for PMI http://changecounts.com/new-tax-deduction-for-pmi.html Changing the way we think about money - Count me in! Sat, 07 Jan 2012 19:48:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Is Homeowners Insurance Tax Deductible http://changecounts.com/new-tax-deduction-for-pmi.html/comment-page-1#comment-235 Is Homeowners Insurance Tax Deductible Mon, 10 Mar 2008 15:46:38 +0000 http://changecounts.com/new-tax-deduction-for-pmi.html#comment-235 [...] This is a question that is coming up frequently these days, due to the new deductions regarding Private Mortgage Insurance (PMI).  The quick answer is NO, your homeowners insurance is usually not deductible.  Be careful not to make that mistake when filling out your taxes this year. Be sure to take the PMI deduction, though, if you are qualified.  See my post on that topic - New Tax Deduction For PMI. [...] [...] This is a question that is coming up frequently these days, due to the new deductions regarding Private Mortgage Insurance (PMI).  The quick answer is NO, your homeowners insurance is usually not deductible.  Be careful not to make that mistake when filling out your taxes this year. Be sure to take the PMI deduction, though, if you are qualified.  See my post on that topic – New Tax Deduction For PMI. [...]

]]> By: Debt Forgiveness May Not be Taxable in 2007 http://changecounts.com/new-tax-deduction-for-pmi.html/comment-page-1#comment-232 Debt Forgiveness May Not be Taxable in 2007 Sat, 08 Mar 2008 22:03:35 +0000 http://changecounts.com/new-tax-deduction-for-pmi.html#comment-232 [...] all the breaks you can get. Be sure to take this one if you are in this situation. Check out the new tax deduction for PMI that is new this year as [...] [...] all the breaks you can get. Be sure to take this one if you are in this situation. Check out the new tax deduction for PMI that is new this year as [...]

]]> By: SP http://changecounts.com/new-tax-deduction-for-pmi.html/comment-page-1#comment-222 SP Tue, 04 Mar 2008 00:51:33 +0000 http://changecounts.com/new-tax-deduction-for-pmi.html#comment-222 there is no information on whether the upfront mortgage insurance premium (funding fee) for a refinance is tax deductible. there is no information on whether the upfront mortgage insurance premium (funding fee) for a refinance is tax deductible.

]]> By: Wendy H http://changecounts.com/new-tax-deduction-for-pmi.html/comment-page-1#comment-186 Wendy H Wed, 20 Feb 2008 04:27:37 +0000 http://changecounts.com/new-tax-deduction-for-pmi.html#comment-186 I qualify for this tax break, but have had no luck in finding out what my actual deduction is. It certainly isn't handed to you on a 1098 or similar form. I've contacted my lender, my loan consultant, customer service, etc all to no avail. No one knows what in the world I'm talking about and keeps telling me that PMI is not tax deductible. Our combined income is under $100,000 and we refinanced in 2007. We pay towards PMI every month. I hope others have had better luck getting the information required to take advantage of this. I qualify for this tax break, but have had no luck in finding out what my actual deduction is. It certainly isn’t handed to you on a 1098 or similar form. I’ve contacted my lender, my loan consultant, customer service, etc all to no avail. No one knows what in the world I’m talking about and keeps telling me that PMI is not tax deductible.

Our combined income is under $100,000 and we refinanced in 2007. We pay towards PMI every month.

I hope others have had better luck getting the information required to take advantage of this.

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