Your Mortgage Insurance May Be Tax Deductible

Congress recently extended legislation that makes mortgage insurance (MI) premiums tax deductible for many homeowners through 2011. Families with a household income of $100,000 or less can deduct the full amount of their MI premiums on their federal tax return. Households earning up to $109,000 can qualify for a reduced deduction. That could mean $200 - $400 in your pocket! Click here for further information.