Yes, provided you itemize and the insurance contract was issued after 2006. Once your adjusted gross income (AGI) exceeds $100,000 ($50,000 for married filing separately) the deduction is reduced. If your AGI surpasses $109,000 ($54,500 if married filing separately) the PMI/MIP deduction is eliminated altogether.
May 24, 2019 4:04 PM
last updated August 26, 2020 4:37 PM