Dollars-in-Pocket Alert! #1
DOLLARS-IN-POCKET ALERT!
If you bought a house and you are paying PMI insurance, pay attention:
New for 2007, the PMI insurance you paid may be tax deductible.
For families with an adjusted gross income for the tax year 2007 of $100,000 or less, every last dollar you paid for your PMI insurance is deductible. Every one.
For families with an adjusted gross income between $100,000 and $109,000, a reduced benefit is available to you.
The average family will see about $350 more in their pocket if they take advantage. So take advantage!
(I'm not a tax guy, but if you have questions, contact me and we can find someone who can help
jim@MankatoHomesOnline.com or 507-317-0177.)