MI is Tax-Deductible Through 2011!
Here’s how it works1:
- Borrowers with adjusted gross incomes up to $100,000 may be able to deduct 100% of their 2011 premiums.
- Deductions are phased out in 10% increments for your clients with adjusted gross incomes between $100,001 and $109,000.
For more information, please see our FAQs.
See why MI makes sense for your clients.
1For eligible borrowers who are married, single or head-of-household. Based on borrower-paid premiums allocable to mortgage insurance certificates issued in 2007 – 2011.
Borrowers should consult their tax advisors concerning applicability of this deduction to their circumstances under the Internal Revenue Code and the laws of any other jurisdiction. This information is not intended or written to be used, and it cannot be used, for the purpose of avoiding U.S. federal, state or local tax penalties.
