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Premiums for Mortgage Insurance May Be Deductible
Oct 11, 2011 . Question 1: I bought my main home in 2008 using a mortgage and I pay monthly premiums for mortgage insurance. Can I deduct these .
http://www.irs.gov/newsroom/article/0,,id=202593,00.html

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Publication 936 (2011), Home Mortgage Interest Deduction
For you to take a home mortgage interest deduction, your debt must be secured by a qualified home. This means your main home or your second home. A home .
http://www.irs.gov/publications/p936/ar02.html

2008 Publication 936
ized deductions (including home mortgage inter- est) are . www.irs.gov/ formspubs to download forms and interest . throughout 2008 these mortgages plus any .
http://www.irs.gov/pub/irs-prior/p936--2008.pdf

Publication 936 (2011), Home Mortgage Interest Deduction
Publication 936 (2011), Home Mortgage Interest Deduction . Points · Mortgage Insurance Premiums · Form 1098, Mortgage Interest Statement · How To Report .
http://www.irs.gov/publications/p936/index.html

Mortgage Insurance Premiums - Itemized Tax Deduction for ...
Mortgage insurance premiums may be tax deductible. . of the loan or 84 months (whichever period is shorter) under a ruling from the IRS (Notice 2008-15).
http://taxes.about.com/od/deductionscredits/qt/mortgageinsuran.htm

Additional findings from the survey are:

  • IRS Redefines Mortgage Deduction Limits
    Oct 25, 2010 . IRS Redefines Mortgage Deduction Limits. . on October 01, 2008 by William Riccio · Mortgage Forgiveness Debt Relief Act: written on August .
    http://www.cosemindspring.com/Topics/Finance/Wealth%20Planning/IRS%20Redefines%20Mortgage%20Deduction%20Limits.aspx

  • Money Girl : The Mortgage Interest Deduction: Who Gets to Keep it ...
    May 2, 2007 . OK, so who does get to take the mortgage interest deduction? . In Publication 936, the IRS states that you can deduct mortgage interest if you itemize deductions on Schedule A and are “legally . 10/30/2008 8:47:49 AM .
    http://moneygirl.quickanddirtytips.com/mortgage-interest-deduction.aspx

  • tax.com: Mortgage Deduction Heavily Favors Blue States
    Jan 25, 2011 . In 2008 the value of the mortgage interest deduction was $85.5 billion, . The amount of deductions was $470.6 billion, according to the IRS .
    http://www.tax.com/taxcom/taxblog.nsf/Permalink/UBEN-8DFK72?OpenDocument

  • Mortgage Interest Deductibility - Tax Relief Blog
    Aug 18, 2008 . Beneficial owners can deduct home mortgage interest and taxes The Tax Court held that taxpayers were entitled to deduct mortgage interest .
    http://blog.myirstaxrelief.com/2008/08/mortgage-interest-deductibilit.html

On introductory bonuses, the survey found that:

  • How to Deduct Mortgage Interest - wikiHow
    For the purposes of a tax deduction, mortgage interest includes the interest and points on . Effective in 2008, “qualified mortgage insurance premiums” may also be tax . premiums on Schedule A. You can access Schedule A at www.irs.gov.
    http://www.wikihow.com/Deduct-Mortgage-Interest

  • Mortgage Interest and Property Tax Deduction for Homeowners Who ...
    Apr 7, 2008 . [Update: This has become law for 2008 and 2009. . The current mortgage interest deduction excludes nearly two-thirds of Americans who do not . Now they can take the IRS up on the offer or say "no thanks" and stick to their .
    http://thefinancebuff.com/mortgage-interest-and-property-tax.html

The Tax Foundation - Tax Savings from Mortgage Interest Deduction ...
May 25, 2010 . Newly released IRS tax data by state for 2008 illustrate how much more the mortgage interest deduction is worth to some states than others .
http://www.taxfoundation.org/research/show/26341.html

Equitable Owner Equals Deduction
The Tax Court held that a married couple could deduct mortgage interest and property tax . The IRS argued that no deduction for interest and taxes should be allowed since Njenge and Rachel . Commissioner, TC Summary Opinion 2008- 84 .
http://www.journalofaccountancy.com/Issues/2008/Oct/EquitableOwnerEqualsDeduction.htm

For more information for boomer consumers, see my blog 2008 mortgage rate history.

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