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Is prepaid FHA mortgage insurance deductible?

April 26, 2017deductible Estate FHA Insurance mortgage insurance prepaid

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Is prepaid FHA mortgage insurance deductible?

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FHA (Federal Housing Authority) mortgage insurance on your home loan is tax deductible. Qualified borrowers are families with an adjusted gross income of $100,000 or less. Families with incomes up to $109,000 are eligible for a partial deduction of mortgage insurance paid.