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Home » Store » Taxable » MIs Lose Out in Maneuvering Over Bush Administration Tax Cut Proposal

MIs Lose Out in Maneuvering Over Bush Administration Tax Cut Proposal

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A massive tax relief bill being negotiated in Congress this week may not include a provision making certain mortgage insurance premiums tax deductible. The Senate last week included the MI provision in its version of the tax bill, but the House did not. The Senate language would have allowed taxpayers with adjusted gross income of $100,000 or less to deduct MI premiums, including FHA
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