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Deductions & credits
Loan origination fees (points) are also deductible, but when you refinance, you have to amortize those points over the life of the loan.
Generally, when you refinance your main home or a second home for personal use (such as vacation property or a cabin), you can only deduct points over the life of the loan. You'll need to take the itemized deduction.
‎June 5, 2019
2:59 PM