The federal government is allowing a tax break for private mortgage insurance on loans obtained in 2007. If you obtain(ed) a new home loan with private mortgage insurance in 2007 or thereafter, you might be able to deduct the cost of the insurance on your federal income tax return. The rules are just as […]
Homeownership comes with many benefits not the least of which are the home related expenses you can deduct. Along with the joy of ownership, come some important new tax considerations. Everyone knows that owning a home is the American dream, but did you know that borrowing to pay for one is a taxpayer’s dream? As […]
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