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Are Points Paid for Home Mortgage Refinance Deductible?

Generally, points paid to refinance your home are not all deductible in the year paid. They are "amortized," which means, they are deducted over the life of the loan.

If your mortgage ends early, for example, if you refinance again with a different lender or if you prepay the balance of the loan, then you are allowed deduct the remaining balance of the points in the year the mortgage ends.

For more information, refer to IRS Publication 936, Home Mortgage Interest Deduction, and IRS Tax Topic 504, Home Mortgage Points.

Related topic:

  How much of my home mortgage interest is deductible?


This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice. Individuals who wish to invest in retirement plans should contact their tax and financial advisors regarding their specific legal or tax situation.


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