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Got PMI? Your Tax Deduction is Back!

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Did you know that the SECURE Act , a bill introduced, passed, and signed by President Trump in 2019 is a really big deal? There is so much you need to know!  The Private Mortgage Insurance (PMI) tax deduction affects many Americans, and not taking this deduction is one of the top mistakes homeowners make when filing their own taxes. So first, let's start with what PMI is. PMI is protection for your lender in case you were to default on your mortgage loan. You may have PMI if the down payment for your home was less than 20% of the price of your home when you purchased it.  What happened to the deduction? The Schedule A deduction for mortgage insurance premiums (PMI) expired at the end of 2017. So in order to get this tax provision back our government worked hard to pass this bill so we Americans can have it again.  With the SECURE Act now official in 2020, you can deduct PMI and get a refund back by claiming it on your income taxes if you have been paying your monthl
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Got PMI? Get Your Tax Deduction Again!

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Source: youandfinancial.com Did you know that the SECURE Act , a bill introduced, passed, and signed by President Trump in 2019 is a really big deal? There is so much you need to know!  The Private Mortgage Insurance (PMI) tax deduction affects many Americans, and not taking this deduction is one of the top mistakes homeowners make when filing their own taxes. So first, let's start with what PMI is. PMI is protection for your lender in case you were to default on your mortgage loan. You may have PMI if the down payment for your home was less than 20% of the price of your home when you purchased it.  What happened to the deduction? The Schedule A deduction for mortgage insurance premiums (PMI) expired at the end of 2017. So in order to get this tax provision back our government worked hard to pass this bill so we Americans can have it again.  With the SECURE Act now official in 2020, you can deduct PMI and get a refund back by claiming it on your income taxes if you
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Location: Platte City, MO 64079, USA
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What is financial coaching?

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PEOPLE SEARCHING FOR financial advice may run across the terms financial coach or financial advisor and may not realize the services and costs of these two financial service providers are indeed different. Which is right for you right now?  Financial coaches help people struggling with their budgeting, understanding credit, among other money issues such as debt management or debt reduction plans. Maybe the opposite, creating habits and mindset to become a millionaire or retire early. A personal finance coach helps guide people of different situations to not only financial freedom but to a secure financial future. Financial advisors help people with investing advice – how to plan and invest. Financial coaches only offer advice and aren't licensed to sell investment products. People seeking a financial coach should review the person's credentials. This type of guidance and expertise is a new approach.  Something different, in our opinion, than Dave Ramseys programs. Financi
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