Congress in December 2006 to make mortgage insurance premiums tax deductible for the first time in 2007. The measure will allow borrowers closing loans to purchase homes or refinance in 2007 who have annual household incomes of $100,000 or less. Borrowers will be able to deduct the full cost...
Friedman is referring to increased limits on education savings accounts, deductibility of student loan interest, tax deductibility for college tuition, and increased limits on 401(k) plans that were added to the bill in Congress. Check's in the Mail They argue that mortgage insurance premiums fit...