{"id":873,"date":"2016-04-05T13:58:39","date_gmt":"2016-04-05T17:58:39","guid":{"rendered":"http:\/\/www.etax.com\/blog\/?p=873"},"modified":"2016-03-24T13:59:02","modified_gmt":"2016-03-24T17:59:02","slug":"mortgage-points-tax-time-deduction","status":"publish","type":"post","link":"https:\/\/www.etax.com\/blog\/2016\/04\/05\/mortgage-points-tax-time-deduction\/","title":{"rendered":"Mortgage Points: Tax Time Deduction"},"content":{"rendered":"<p>One mortgage point is equal to 1% of your loan paid upfront at closing in an effort to stick you\u2019re a lower interest rate. While it isn\u2019t applied to the principle of your loan, it may be beneficial down the road. Mortgage points paid are deductible in the following cases:<\/p>\n<ul>\n<li>The loan secures your primary residence<\/li>\n<li>The loan was taken either buy, build, or improve the home<\/li>\n<li>Paying in points is an acceptable and often used option in the location of your new home<\/li>\n<li>The points are calculated as a percentage of the loan principal<\/li>\n<li>The buyers settlement statement clearly details points paid<\/li>\n<li>Down payments, closing costs other cash that you put towards the purchase of your home is at minimum the same amount in points you paid on the loan<\/li>\n<\/ul>\n<p>Paying points as a method of refinancing, allows you to deduct a portion of what you paid every year for the term of the loan. For example, 1,000 in points spent to refinance a loan for 10 years is equal to $100 per year <a href=\"https:\/\/www.etax.com\/blog\/2026\/02\/19\/new-auto-loan-interest-deduction-how-to-save-up-to-10000-on-your-taxes-2025-2028\/\">deduction<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One mortgage point is equal to 1% of your loan paid upfront at closing in an effort to stick you\u2019re a lower interest rate. While it isn\u2019t applied to the principle of your loan, it may be beneficial down the road. Mortgage points paid are deductible in the following cases: The loan secures your primary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[486],"class_list":["post-873","post","type-post","status-publish","format-standard","hentry","category-deductions-2","tag-mortgage-points"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mortgage Points: Tax Time Deduction - eTax.com\u00ae Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etax.com\/blog\/2016\/04\/05\/mortgage-points-tax-time-deduction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mortgage Points: Tax Time Deduction - eTax.com\u00ae Blog\" \/>\n<meta property=\"og:description\" content=\"One mortgage point is equal to 1% of your loan paid upfront at closing in an effort to stick you\u2019re a lower interest rate. 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Mortgage points paid are deductible in the following cases: The loan secures your primary [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.etax.com\/blog\/2016\/04\/05\/mortgage-points-tax-time-deduction\/\" \/>\n<meta property=\"og:site_name\" content=\"eTax.com\u00ae Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eTaxcom-135749976483724\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-05T17:58:39+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2016\\\/04\\\/05\\\/mortgage-points-tax-time-deduction\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2016\\\/04\\\/05\\\/mortgage-points-tax-time-deduction\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#\\\/schema\\\/person\\\/ddb9378caffbf2f32f89a84d213b3ef4\"},\"headline\":\"Mortgage Points: Tax Time Deduction\",\"datePublished\":\"2016-04-05T17:58:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2016\\\/04\\\/05\\\/mortgage-points-tax-time-deduction\\\/\"},\"wordCount\":179,\"publisher\":{\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/#organization\"},\"keywords\":[\"Mortgage points\"],\"articleSection\":[\"Deductions\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2016\\\/04\\\/05\\\/mortgage-points-tax-time-deduction\\\/\",\"url\":\"https:\\\/\\\/www.etax.com\\\/blog\\\/2016\\\/04\\\/05\\\/mortgage-points-tax-time-deduction\\\/\",\"name\":\"Mortgage Points: Tax Time Deduction - 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