PaulaM
Employee Tax Expert

Deductions & credits

The mortgage insurance deduction originally expired on December 31, 2016. It was then extended for 2017 by the Bipartisan Budget Act of 2018 signed on February 9, 2018.

TurboTax will update its tax program as soon as the IRS updates the form. They have not yet updated the schedule A form that the mortgage insurance premium is deducted on.

Mortgage insurance premium (PMI) is not the same thing as your mortgage principle. You can find the mortgage principle on your January statement.

Two options: Wait to file until the IRS updates the Schedule A (but file before the due date of the return), or file now without the mortgage insurance deduction and amend later when the form is updated.


Please read this TurboTax FAQ for more information:

https://ttlc.intuit.com/questions/4241639


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