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Yesterday I got a letter from my mortgage company that said the fiscal cliff deal brought back the ability to claim MIP (Mortgage Insurance Premium for FHA loans) or PMI (Private Mortgage Insurance for conventional loans) paid in 2012 on tax returns this year and they were nice enough to send me a statement with the amount I paid this year. I got my house in November so its not much but it will certainly help.
I haven't seen this posted recently, so I thought I would post it.
There is also an article on msn about it as well.
http://money.msn.com/taxes/article.aspx?post=a9c7cefc-6079-4b82-afe2-29dae7c14e7d
And I close in April, this sucks for us.
I guess we will refi Conventional when we can.
If you earn over 110k you dont get the tax break. that sucks.
Is that 110,000 for single, married, or both?