Are Points Tax Deductible. Points paid Again lenders may charge origination fees or discount points. Sometimes theyll also include fees for appraisals inspections title attorneys notaries and real estate taxes.
Since mortgage interest is deductible your points as part of your closing costs may be too. Origination points are not deductible on non-rental property. They must deduct the remaining points over 360 monthly payments or 5328 1500360 x 12 per year.
Other refinance-related expenses not directly related to the mortgage may also be deductible.
Origination points are not deductible on non-rental property. The term points is used to describe certain charges paid to obtain a home mortgage. Generally deductible closing costs are those for interest certain mortgage points and deductible real estate taxes. Sometimes theyll also include fees for appraisals inspections title attorneys notaries and real estate taxes.
