Deductions & credits

TurboTax amortize points when they apply to loans on a second home, or loans to refinance your home (if not used for home improvements).

However, if you purchased your home in 2022 or refinanced it to make improvements, you can deduct all of your points on your current tax return rather than amortizing them over the life of the loan.  

You have to continue in the program until you see the screen below, if you choose that it is a HELOC or refinance and did not use the loan for other uses, you will get the full deduction this year.