
Tax Tip Tuesday: Tax Provisions from New Budget Law
This week we will take a look at some tax provisions that were included in the budget deal that was recently signed into law. The following are provisions for individuals that expired at the end of 2016. However, they were retroactively reinstated, but only through 2017. Deduction for mortgage insurance premiums — this basically allows mortgage insurance premiums to be treated as deductible interest. Ability to exclude a discharge of residential mortgage indebtedness from gro