Is home mortgage insurance tax deductible?

September 27, 2023

This is my first year filing taxes after purchasing a property, and I’m unsure whether mortgage insurance tax is deductible.

The legislation of December 20, 2019, makes private mortgage insurance (PMI) – known as mortgage insurance premium (MIP) – deductible and also applies it retroactively for the 2018 and 2019 tax years.

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