Posted on: 15th Jul, 2009 10:41 am
Are you allowed to write off PMI every year on your mortgage. Or just if the house was purchased in the year you are filing?
No, PMI is not a legitimate tax deduction.
catharin9
PMI is tax deductable if you bought your house or refinanced after Jan 1st 2007. But some incoem restricatiosn may apply
Please check with your tax consultant
Good luck
PMI is tax deductable if you bought your house or refinanced after Jan 1st 2007. But some incoem restricatiosn may apply
Please check with your tax consultant
Good luck
Can writeoff every year your income qualifies.