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STRANGE NEW DEDUCTION HIDDEN IN TAX BILL

December 12, 2006

Don't Mess with Taxes has the scoop on a one-year tax deduction for mortgage insurance tucked into the new "extender" tax bill. It is only available for taxpayers with incomes under $110,000, and only for mortgages obtained in 2007.

Presumably this will join the parade of "temporary" tax breaks that get extended forever.

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