About Jon Iacono
Jon Iacono brings his 21+ years of experience in the industry to Advisors Mortgage Group. Jon was born in Brooklyn, NY but has lived the majority of his life in Monmouth County, NJ. As a graduate of Monmouth University with a concentration in Management and Computer Science, Jon brings his training and education to Advisors Mortgage to help grow and manage the recruiting team.
Jon worked alongside many mortgage and real estate industry professionals previously with Mortgage Intelligence companies such as, Mortgage Market Guide, Loan Tool Box, Certified, Scripts for Success, CMPS, MBS Highway, Turning Point CRM and more. Jon gives back to his community and has been an active volunteer firefighter for the Colts Neck 84 -1 station since 2004. He enjoys staying active by playing golf, lifting weights, boxing, training Jiu Jitsu and most importantly spending time with his two kids Lily and Jonny Jr.
Mortgage Insurance Premium Tax Write-Off Back On The Table
April 21, 2025
A bipartisan group of lawmakers, led by Rep. Vern Buchanan (R-FL) and Rep. Jimmy Panetta (D-CA), has introduced the Middle Class Mortgage Insurance Premium Act to restore and expand the expired tax deduction for private mortgage insurance (MIP). The new bill would raise the income eligibility cap from $100,000 to $200,000 per family, aiming to make homeownership more affordable amid rising housing costs. The bill has multiple co-sponsors but no Senate counterpart yet. Supporters, including U.S. Mortgage Insurers, argue it would benefit millions of taxpayers.
Additionally, Buchanan introduced another bill to exempt high-rise condominium developers from the burdensome percentage-of-completion tax accounting method, which currently causes developers to owe taxes before receiving full payment for units. Buchanan says this change would help boost housing supply for low- and middle-income families.
Source https://bit.ly/42ERw6N
