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Tax Department Updates Forms on Mortgage Insurance Premiums

Local News

State officials with the Department of Taxation and Finance have posted form updates impacting those who paid or accrued mortgage insurance premiums during the 2018 or 2019 tax years.

Federal legislation enacted last month now extends previously expired deductions for those premiums through tax year 2020.

Officials say amended 2018 returns may be filed if this update results in a change to your refund or taxes due.

Qualifying mortgage insurance premiums should be reported on line 11 of the 2018 Form IT-196 and line 13 of the 2019 Form IT-196.

Updated instructions for these lines can be found by visiting the following webpages:

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