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PMI Deduction Buried In
The Closing Acts Of Congress
It has not been widely reported, but late in the closing session of the 109th Congress which adjourned this past weekend may have been a bit of good news for homeowners. In a last minute flurry of votes Congress approved the Tax Relief and Health Care Act of 2006. As has been widely reported, the act was a mare's nest of "earmarks," amendments, and attachments among which were extensions to a number of earlier tax breaks that were due to or had already expired. Most of these were designed for the benefit of businesses small and large but the bill also included trade protection legislation and new laws relating to health care.
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