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Unfortunately, the answer is no or at least not yet. Congress has not extended the deduction as of right now. See below:
For tax year 2018, the PMI deduction is currently unavailable. At this time we don't know when, or if, Congress will approve this deduction for tax year 2018. If the deduction is approved after your file your 2018 return, you can file an amendment to claim the deduction. Alternatively, you can postpone filing your return until Congress definitively approves or denies the deduction for 2018.
Unfortunately, the answer is no or at least not yet. Congress has not extended the deduction as of right now. See below:
For tax year 2018, the PMI deduction is currently unavailable. At this time we don't know when, or if, Congress will approve this deduction for tax year 2018. If the deduction is approved after your file your 2018 return, you can file an amendment to claim the deduction. Alternatively, you can postpone filing your return until Congress definitively approves or denies the deduction for 2018.
Where are we at on this? I noticed it was approved by Ways and Means in June.. but not sure what is next for approving the 2018 Tax Extenders. Any insight into what happens next?
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