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form: Mortgage, PMI, Property Taxes – Aligaen Accounting. – Mortgage, PMI, Property Taxes. The IRS allows you to deduct the mortgage interest, private mortgage insurance and points paid for loan closings on your tax return. You can also deduct the mortgage interest on second homes and vacation homes including trailers and boats (must have sleeping, cooking and bathroom facilities).
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Weekly High Frequency Indicators: Short-Term Forecast Returns To Negative – Mortgage rates are below 4.2%. Note that the Chicago PMI also was reported Friday morning just barely negative. In any event, the rating is neutral. This index was positive with a few.
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Is Private Mortgage Insurance (PMI) Tax-Deductible? – My. – PMI Tax Deduction. The tax deduction for private mortgage insurance appeared for tax year 2007. It was designed to give homeowners a break during the financial crisis. However, the tax break has been extended through tax year 2016. This means that if you got a mortgage, or refinanced your home, since January 1, 2007, you could be eligible for.
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Last chance to deduct private mortgage insurance – You can deduct private mortgage insurance paid during the 2016 tax. If you rent it out, then you won’t get PMI help from the IRS unless you claim tax breaks on the home as rental property. Finally,