Yes, provided you itemize your deductions and the insurance contract was issued after 2006. Once your adjusted gross income (AGI) exceeds $100,000 (or $50,000 for married filing separately), the deduction is reduced. If your AGI exceeds $109,000 (or $54,500 if married filing separately), the PMI/MIP deduction is eliminated altogether.
May 24, 2019 4:04 PM
last updated December 23, 2020 8:44 AM