The Middle Class Mortgage Insurance Premium Act, which seeks to amend a 1986 tax code, has bipartisan support.

A bipartisan group of representatives co-sponsored the bill, aiming to make permanent and expand eligibility for a deduction ...

Representative Vern Buchanan (R-FL) is introducing bipartisan legislation to permanently extend and expand mortgage tax deductions and cut taxes on condominium ...

Is homeowners insurance tax-deductible? No, it’s not — in fact, no insurance-premium costs for your home can currently be ...

Costs that you can’t claim as a mortgage interest tax deduction include homeowners insurance, mortgage insurance premiums, and title insurance. Here are some other expenses that are not tax ...

As tax season approaches, many homeowners find themselves sifting through receipts and financial documents, searching for ...

No, you can no longer deduct mortgage insurance premiums on your taxes. Mortgage insurance used to be tax deductible, but the deduction has now expired, according to the IRS. EducationMolly earned ...

Deductions and credits are two ways of ... Private mortgage insurance (PMI), sometimes known as the mortgage insurance premium (PMI) was first banned starting in tax year 2018.

Since we withdrew money from our 401 (k), we expect to owe the IRS money this year. However, by itemizing and deducting the ...