Dropping FHA mortgage insurance: wait it out, or refinance out
FHA MIP and taxes
Crossroads answer
Whether mortgage insurance premiums are deductible depends on the tax law in effect for the year and your situation. IRS Publication 936 explains the current rules. A tax professional can tell you how they apply to you.
Last reviewed against the primary sources listed below.
Check
- The current Publication 936.
- Your Form 1098.
MIP questions
Can I deduct FHA mortgage insurance?
It depends on the tax law for the year; see IRS Publication 936.
Where is my MIP shown for taxes?
Your servicer may report it on Form 1098.