Mortgage points
1%-3% of loan
Can You Write Off Mortgage Points?
Short answer: Yes, points paid to buy your main home are usually deductible in the year paid; refinance points are spread over the loan.
They must be shown on your closing statement as points or loan origination fees.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
Mortgage points
1%-3% of loan
Individuals / Personal Taxes
Yes, points paid to buy your main home are usually deductible in the year paid; refinance points are spread over the loan.
Business justification
Yes, points paid to buy your main home are usually deductible in the year paid; refinance points are spread over the loan. They must be shown on your closing statement as points or loan origination fees.
Category
- Personal Tax Deductions