Is FHA Insurance Tax deductible?

Article in the paper this week from the AP points states that this deduction expired at the end of 2013 due to Congress not extending it. So, sounds like you'd be able to deduct it for last year (2013) but not in the future unless Congress acts - but there is an impass with one side insisting on budget cuts to pay for that type of extension and the other saying it will stimulate the housing market and put people back to work which will result in more tax revenue and less cost for unemployment.... etc, etc. Double check with your tax professional.

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.

2013, yes, 2014, no. See additional answers.

I agree with the previous answers in regards to 2013 yes and 2014 no. Double check with a tax professional.