Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does the MI tax deduction apply to new purchases only? Are refinances also included?

April 26, 2017included mi purchases refinances tax deduction

0

Posted

Does the MI tax deduction apply to new purchases only? Are refinances also included?

1 Answer

0

Posted

The MI tax deduction applies to purchases and refinances up to the original loan amount. This could include first and second mortgages but not any cash out.