Mortgage Insurance (MI) retains Tax Deductibility!
Today, Congress extended the deductibility of Mortgage Insurance (MI) through December 31, 2013. The ability to deduct MI on one’s taxes expired the end of last year but has been renewed for another year by Congress today. This is hugely beneficial to the housing market in that it provides another benefit to Home Buyers while acting to strengthen the Housing Market for existing Homeowners!
