Metro Atlanta, Gerogia Real Estate Market, North Georgia, REO Sales

January 24th, 2008 8:33 AM

Don't Miss the Mortgage Insurance deduction!

A provision that allows home-owners to treat mortgage insurance premiums the same as intrest has been extended past 2007 through 2010.

The deduction applies to premiums paid or accrued (including for prepaid mortgage insurance) on acquisition (not on refinancing) debt for mortgage insurance. The deduction is phased out for taxpayers (both single and married filing joint returns) with adjustable gross incomes over $100,000.

Posted by Mark Kimball on January 24th, 2008 8:33 AM
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Homestead Properties, LTD 222 E. Main Street Cartersville,, GA 30120
Phone: Cell: Fax:

1031 Tax Deferred Property Exchange | Buying Foreclosures/REO's | Mark's Blog

Copyright © 2012 Homestead Properties, LTD
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.