Are PMI Payments Tax Deductible?

Unfortunately they are not. You can’t write off private mortgage insurance payments on your income tax return. It joins the class of payments you’ll make that aren’t tax deductible and they include your homeowner’s insurance payments, homeowner associate dues, any local or county dues, extra payments on the principal, maintenance or repairs. The fact that it’s not tax deductible is one of the reasons why people sometimes consider piggyback mortgages.

This entry was posted on Sunday, May 14th, 2006 at 8:44 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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