Mortgage Insurance Premiums The tax deduction for mortgage insurance premium payments was extended through 2021, but the deduction is no longer applicable as it has expired. When you prepare and e-file your next tax return on eFile.com, you will not see the deduction on your return as eFile ...
Mortgage insurance premiums are tax-deductible as an expense incurred when renting out dwellings. You can deduct the entire portion of this expense if the property is occupied by tenants all year. If tenants stay for part of the year, you would have to calculate a prorated amount to reflect ...