Monday, January 17, 2011

The Mortgage Insurance Tax Deductibility Law has been extended through 2011

-Eligibile borrowers with adjusted gross incomes up to $100,000 may be able to deduct 100% of the MI premiums paid in 2011.
-Deductions are phased out in 10% increments for borrowers with adjusted gross incomes between $100,000 and $109,000.

please visit www.irs.gov for more details.

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