Are Refinancing Points Tax Deductible. If you refinanced to a 15-year mortgage for example then youd deduct a portion of the points. In the same year that you refinance you can deduct the discount points you used to get a reduced mortgage rate.
In the same year that you refinance you can deduct the discount points you used to get a reduced mortgage rate. If you refinanced your mortgage the points you paid are not deductible in the year you paid them unlike the points you paid when you first took out your mortgage. Discount points are fully deductible no matter which type of property youre refinancing.
Taxpayers may deduct points only for those payments actually made in the tax year according to Jones.
If you refinanced your mortgage the points you paid are not deductible in the year you paid them unlike the points you paid when you first took out your mortgage. If so its in addition to the deduction. Discount points are fully deductible no matter which type of property youre refinancing. If you refinanced to a 15-year mortgage for example then youd deduct a portion of the points.
