@prf44 wrote:
The VA funding fee is not fully deductible if your income exceeds $100,000 and if it exceeds 200,000 then the VA funding fee is not deductible.
There is no income limit for deducting Mortgage Insurance Premiums on Schedule A.
IRS Schedule A Itemized Deductions page 9 - https://www.irs.gov/pub/irs-pdf/i1040sca.pdf#page=9
Mortgage insurance provided by the Department of Veterans Affairs and the Rural Housing Service is commonly known as a funding fee and guarantee fee, respectively. These fees can be deducted fully in 2020 if the mortgage insurance contract was issued in 2020.
