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Financial Planning / Tax Strategies


Subject:  Re: Point Deduction on a refinance Date:  12/22/1998  12:37 PM
Author:  tritha Number:  7469 of 124774

Can I deduct any points that the lender pays on my refinance? This is my first time refinancing.

I think you want to know if you can deduct points you paid to the lender on the refinance.
Points paid to refinance a home mortgage are not deductible in full in the year you pay them but you can deduct them ratably over the term of the loan.

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