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Thursday, March 20, 2008

PMI Deduction Extended

Homeowners with an adjusted gross income of $100,000 or less and a mortgage that originated(s) between 2007 and 2010 will continue to qualify for the mortgage insurance tax - PMI - deduction. The deduction was extended by Congress this year. Homeowners with an adjusted gross income of up to $109,000 also qualify for a partial deduction.
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