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Are mortgage interest payments and points deductible?

April 26, 2017Credits deductible deductions Finance income mortgage PAYMENTS Points tax

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Are mortgage interest payments and points deductible?

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The interest paid on your mortgage is tax deductible as long as it is your first or second residence, you are the owner of the home and you itemize your deductions on your tax returns. In addition to interest on a mortgage, you can deduct interest on a home equity loan or line of credit.