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Bipartisan bill to provide relief to middle class

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Monday, December 20, 2021
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Reps. Ron Kind (D-WI) and Vern Buchanan (R-FL) have introduced bipartisan legislation, the Middle-Class Mortgage Insurance Premium Act of 2021, to expand eligibility for and make permanent a deduction for mortgage insurance (MI) premium payments.

In 2006, Congress enacted legislation allowing a deduction for MI premium payments, and although this provision has been extended due to its importance to middle-class homeowners, it currently remains temporary.

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