I FHA insurance income tax deductible?

IRS does allow for mortgage insurance deductions, but it's tiered based on your income.. That was for 2013.. for 2014, virtually all mortgage insurance deductions have been eliminated.. It's possible that could change, but as it sits right now, the deduction expired. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Consult a tax professional. For the most part, people answering questions here are mortgage professionals.