Middle Class Mortgage Insurance Premium Act of 2025

This bill would let more homeowners deduct what they pay for mortgage insurance by raising the income limit for who can claim the deduction. It would also make this tax break permanent, instead of letting it expire.

Key points:

• Who is affected: Homeowners who pay mortgage insurance premiums and itemize deductions.
• What changes: The income cap for this deduction goes up, and the deduction becomes permanent by removing the part of the law that made it temporary.
• When: Applies to tax years starting after December 31, 2025.