Buying Your Home Q & A- Are points deductible? - E-PersonalFinance

Buying Your Home Q & A- Are points deductible? - E-PersonalFinance

Are points deductible?

If you are a buyer, and you or the seller pays points, they are deductible for the year in which they are paid only. You also can deduct any points you pay when you refinance your home, but you must do so ratably over the life of the loan. Consult your tax or financial advisor.

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