i refinanced my house and took some money out are there fees i can claim?

harmonl12 · ‎March 24, 2022

Bsch4477 · ‎March 24, 2022

If you used the money other than to improve your home you can’t deduct the interest payments.

AmyC · ‎March 24, 2022

Maybe. If you paid points. You can amortize the points over the life of the loan. See Topic No. 504 Home Mortgage Points - IRS.

Example:

You paid $3,000 i loan origination fees/ points

took out a 30 year mortgage

then claim $3,000/30 years = $100/ yr deductible

@Bsch4477 is correct that interest paid on money you took out for things other than to buy, build, or improve your home are not deductible. See About Publication 936, Home Mortgage Interest Deduction.

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