Is home mortgage insurance tax deductible?

January 8, 2024

This is my first year filing taxes after purchasing a property, and I’m unsure whether mortgage insurance tax is deductible.

The legislation of December 20, 2019, makes private mortgage insurance (PMI) – known as mortgage insurance premium (MIP) – deductible and also applies it retroactively for the 2018 and 2019 tax years.

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Oleksandr Rohovnin is a Content Marketer at and an expert contributor to CoverExplore. His passion is digital marketing, innovative technologies, tech industries, and – above all – distilling vast amounts of complex information into engrossing narratives anyone can relate to. At CoverExplore, Oleksandr stokes passion for auto insurance and the automotive industry in general in every story he curates.