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Any clue when Schedule A will be final? Proseries still not calculating the Mortgage Insuranace Premiums into the final number.
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It is final and currently not deductible.
The schedule A- Mortgage Insurance Premium deduction is part of the Federal Extender legislation that Congress has not passed for 2018. The MIP box is always left on the worksheet to allow the deduction when / if Congress acts. (For 2017, the Extenders were retroactively allowed in 2018). Also, some states may allow the deduction. If Congress passes Extender legislation, all 3 programs (ProSeries, Lacerte and Tax Online) will be updated to allow the deductions included in the legislation.
Slava Ukraini!
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It is final and currently not deductible.
The schedule A- Mortgage Insurance Premium deduction is part of the Federal Extender legislation that Congress has not passed for 2018. The MIP box is always left on the worksheet to allow the deduction when / if Congress acts. (For 2017, the Extenders were retroactively allowed in 2018). Also, some states may allow the deduction. If Congress passes Extender legislation, all 3 programs (ProSeries, Lacerte and Tax Online) will be updated to allow the deductions included in the legislation.
Slava Ukraini!
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Not deductabe anymore
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Take a peek at Pub 936 if you want somwething offical showing you that its not dedcuitble in 2018.
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Same issue last year at this time, but they extended the deduction for 2017 around mid-February. Does anyone know if there is a chance that will happen again?
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I dont think anyone can guess what our current government will do or when they will do it.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪