Can I deduct my mortgage insurance premiums on my FHA loan? Thanks!

[MargaretL · Accepted solution]

Yes - You can.

The premiums paid data entry for your home:

1. Federal Taxes

2. Deductions and Credits

3. Jump to a Full List (Explore on My Own for cd/download users)

3. Scroll down to Your Home

4. Select Mortgage Insurance, Start or Update

[ktmyers101406]

Not as of tax year 2017, homeowners are no longer able to deduct mortgage insurance premiums. The mortgage insurance deduction was introduced in 2006, and was last extended through December 31, 2016 by the 2015 Protecting Americans from Tax Hikes (PATH) Act. It was not extended for 2017. (Copied from another user).