06/17/2026
Did you know the Big Beautiful Bill now allows for Mortgage Insurance to be tax deducted? Congress acted in July 2025 to make the mortgage deduction a permanent part of the tax code after it expired following the 2021 tax year.
You may qualify if you meet the following Criteria:
-Homeowners with adjusted gross incomes (AGI) below $100,000 per year may deduct 100% of their MI premiums on their
federal tax returns.
-Deductions are phased out by 10% for each $1,000 a taxpayer’s AGI exceeds $100,000, with a cutoff of any deduction
at $109,000.
-The property must be a principal residence or another residence used for personal purposes by the taxpayer.
-Investor loans are not eligible.
-Tax deduction is available only to tax filers who itemize
Sourced from Arch Mortgage Insurance Company