If FHA Upfront Mortgage Insurance Tax Deductible?
March 20, 2013 in Mortgage Insurance by jedwan
I am ready to purchase and loans through the FHA, and very curious, if I could delete my first home mortgage insurance premiums tax. Any help? ? ?
March 20, 2013 in Mortgage Insurance by jedwan
I am ready to purchase and loans through the FHA, and very curious, if I could delete my first home mortgage insurance premiums tax. Any help? ? ?
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yes but it is subject to income limitation. If you and spouse make less than $100,000 it is fully deductible. If you and spouse make more than $109,000 then none is deductible.