If your AGI ranges between $100,000 and $109,000, you can use a worksheet included with Schedule A of your income tax form to determine how much you can deduct from your taxes. Borrowers with an AGI less than $100,000 can deduct 100% of their PMI premiums. The PMI tax deductions are effective for both home purchase and refinancing transactions. Depending on household income, both FHA MIP and USDA can be deductible as well. If you own the property jointly, or if another person paid a portion of the insurance premiums, you can claim only the amount that you paid.
27th Amendment   The most recent amendment is the 27th, which prevents raises that congressmen give themselves from taking effect before the next election.
AUDIE CORNISH, HOST: The House has voted to repeal the Affordable Care Act. While the House has voted more than 50 times in the past four years to repeal the law, or parts of it, this was the first vote for a total repeal since 2013. NPR's Juana Summers joins us from the Capitol with the latest. Hey there, Juana.