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Why can't I deduct mortgage insurance?

After entering mortgage deduction Turbo Tax inserted a comment about waiting for mortgage insurance to be approved would they would let me know

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1 Reply
KrisD
Intuit Alumni

Why can't I deduct mortgage insurance?

That deduction has expired. 

Last year, Congress made tax changes after the tax filing season started. TurboTax added this comment in case they did it again for tax year 2018, but so far, no changes have been made.

The deduction for mortgage insurance has been eliminated.

  According to the IRS:

"The entire list of expired provisions is below....

  1. Premiums for mortgage insurance deductible as interest that is qualified residence interest (sec. 163(h)(3))"

https://www.irs.gov/forms-pubs/legislative-impact-on-tax-forms

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