\n\t\t\t\t
The advantage of the deduction for qualified mortgage insurance premiums (MIP) cannot be taken by everyone.\u00a0\u00a0<\/p>
Your qualification depends on your filing status and adjusted gross income (AGI).\u00a0<\/p>
For every step over the allowable\u00a0borrower’s AGI limit, the deduction reduces by 10%. For those earning over $54,500, or $109,000 for joint filers it completely disappears.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t