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February 26, 2022
Question

I re-financed my house twice last year, are the points paid on the first refinance fully deductible?

  • February 26, 2022
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February 27, 2022

Yes, the points from the first refinance are fully deductible in the year that the loan was paid.  IRS Home Mortgage Points, Topic 504, says "You may be able to deduct (in the year paid) points on a loan ... if you refinance your home mortgage".

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