Question

 Are origination points tax deductible?

Answer Origination points refer to money paid by borrowers to cover the costs of taking out a mortgage. These points are not deductible on your income taxes, according to Bankrate, because they would othe... Read More »
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Top Q&A For: Are origination points tax deductible

Is a loan origination fee tax deductible?

In the event of a purchase of a mortgage, a borrower may deduct any points paid to reduce the interest rate from his taxes. However, any funds paid towards the loan origination fee, or origination ... Read More »
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Are origination fees tax deductible?

When purchasing a mortgage or refinancing one, many borrowers look to deduct some of the closing costs from their tax bill. However, the only cost associated with a mortgage closing that is tax ded... Read More »
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Are mortgage points deductible on taxes?

On One Hand: Mortgage Points Are DeductibleThe Internal Revenue Service allows you to deduct the cost of mortgage points from your taxes. If you are taking out a first mortgage, you can deduct the ... Read More »
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Are mortgage refinance points tax deductible?

On One Hand: Only If You ItemizeIf you choose to itemize your tax deductions, you can write off the cost of discount points on your mortgage refinance over the life of the loan. Record the deductio... Read More »
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