Instead of deducting all of the points at once on your 2022 taxes, you are now spreading the points over the life of the mortgage. You can't deduct all of the points at once now. If your mortgage is for 30 years, you can deduct 1/30 of the points this year and for each year going forward until the mortgage is paid off. If you refinance the mortgage in the future, all of the remaining points will be deductible.
