The National Directory of Certified Public Accountants

Ask A CPA - Interest - Itemized Deduction

Are Points Deductible?

If Points qualify as mortgage interest they are deducted over the term of the lease unless they are paid as part of the purchase of your principal residence. Refinanced points are amortized over the life of the mortgage.

If you need professional help with "Interest - Itemized Deduction" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.