Mortgage Insurance Premiums Deductible in 2026

Yes, mortgage insurance premiums are deductible in 2026. The new law reinstates the provision to treat mortgage insurance premiums as qualified residence interest, which had previously expired after tax year 2021 [1].

Effective for tax years beginning after 2025, premiums paid or accrued for qualified mortgage insurance in connection with acquisition debt are treated as qualified residence interest and are deductible as an itemized deduction on Schedule A [2].

Phase-Out:

The deduction begins to phase out when the taxpayer's adjusted gross income exceeds $100,000 ($50,000 for married filing separately) [1].