The recent tax legislation under President Trump has brought significant changes to the SALT deduction, offering potential relief to homeowners in high-tax states like New York, New Jersey, and ...

From increased deductions on mortgage interest to more incentives for low-income housing construction, the 'Big Beautiful ...

While the deduction itself isn't expanding, the bill restores and boosts other federal tax breaks that benefit homeowners. A deduction for mortgage insurance premiums has been revived, and a cap ...

Mortgage Insurance Premium (MIP) is an insurance you’ll have to pay if you get a Federal Housing Administration (FHA) loan. MIP comes in two parts: upfront plus annual costs. MIP is calculated ...

WASHINGTON, July 13-- Rep. Julia Brownley, D-Calif., introduced the "Mortgage Insurance Tax Deduction Act" on June 7, 2023. The text of the bill was released on July 12. H.R. 3891. A bill to amend ...

A higher threshold for property tax deductions and the ability to deduct mortgage insurance costs are two big wins for Texas homeowners following the passage of President Trump’s “ Big Beautiful Bill ...