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 How to Claim Points Paid for Refinancing a Mortgage on Your Income Tax?

Answer When you take out a mortgage or refinance your mortgage, your lender typically gives you the option of paying discount points, which represent an upfront cost paid to lower the interest interest ra... Read More »
http://www.ehow.com/how_6812575_claim-refinancing-mortgage-income-tax.html

Top Q&A For: How to Claim Points Paid for Refinancing a Mort...

When refinancing a mortgage what charges are considered points for tax purposes?

Points that you pay as part of the closing costs of your mortgage represent fees to reduce the interest rate on your home and may allow you to take claim a deduction on your income taxes. However, ... Read More »
http://www.answerbag.com/q_view/1915602

How to Claim Mortgage Points on a Federal Tax Return?

Mortgage points are costs you choose to pay when you take out your mortgage to reduce the interest rate on your loan. The Internal Revenue Service allows you to deduct the cost of mortgage points a... Read More »
http://www.ehow.com/how_6465346_claim-points-federal-tax-return.html

Can you refinance a primary mortgage without refinancing a second mortgage?

It is possible to refinance a primary mortgage without refinancing a second mortgage by subordinating the second mortgage. Subordinating a second mortgage means you are filing a document so that th... Read More »
http://www.answerbag.com/q_view/2232165

Latrell's employer paid for his business trips and he was not taxed on the travcel reimbursement. How much income does Latrell have to recognize as a result of purchasing with points?

Latrell recently used his Delta Skymiles to purchase a free roundtrip ticket to Milan, Italy (value $1,200). The frequent flyer miles used to purchase the ticket were generated from Latrell's busin... Read More »
http://wiki.answers.com/Q/Latrell%27s_employer_paid_for_his_business_trips_and_he_was_n...


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