TurboTax FAQ
TurboTax FAQ
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Can I deduct mortgage insurance (PMI or MIP)?

Yes. If you itemize and the insurance contract was issued after 2006.

However, once your adjusted gross income (AGI) exceeds $100,000 ($50,000 for married filing separately) the deduction is reduced.

The mortgage insurance deduction is eliminated once your AGI surpasses $109,000 ($54,500 if married filing separately).