I'm posting this in case anyone else might not have caught this little tax deduction change affecting 2017. PMI Mortgage insurance. It's deductible for 2017. Apparently the last time it was deductible on your itemized deductions was in 2015. If you pay PMI insurance you should have or will be getting a revised Form 1098. I received an email notification last week that I had a new tax document from my lender. I just assumed it was just another copy of the 1098 they already sent me. I didn't even go look at it.
Over the weekend I had an article come across my ipad news feed about the PMI insurance deduction change and that folks should be getting new 1098 forms sent to them. This affects me (first time ever) because I do have PMI insurance I am paying on this house loan. We didn't put down very much as a down payment, because we wanted to use all the cash for buying the land free and clear.
I haven't completed my tax return yet, as I know I owe money due to my self employment income portion. I'm glad I didn't have it done, otherwise I would have had to re-do it/amend it in order to take advantage of this new deduction. So, if you pay PMI and itemize your deductions, be sure to use this deduction.