Question: is the mip tax deductible?
Answer: Is PMI or MIP Tax Deductible? The last year that the tax deduction for private mortgage insurance (PMI) was allowed was for tax year 20171﻿﻿—but only for mortgages taken out or refinanced after Jan. ... If your adjusted gross income (AGI) is $109,000 or more for the year, this deduction is not allowed.