Is prepaying Mortgage Insurance tax deductible?I purchased a home and prepaid a point to eliminate mortgage insurance. The IRS sent me a bill saying that $0 was paid in mortgage insurance. Is this point tax deductible as mortgage insurance?September 23 2013 - Reston0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.