Good News Regarding Mortgage Insurance

Congress renewed the legislation making mortgage insurance premiums (PMI) tax deductible for many homeowners. For taxpayers earning under $100,000 per year, mortgage insurance premiums will continue to be fully deductible on your taxes. For those of you with incomes over $100,000, there are some partial deductions that may be available. Make sure you take advantage of this when you file your 2007 taxes.