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Level 1
April 14, 2023
Question

MORTGAGE POINTS

  • April 14, 2023
  • 2 replies
  • 19 views

Are new mortgage points paid in 2022 subject to the $10,000 SALT limit

    2 replies

    DoninGA
    Level 15
    Level 15
    April 14, 2023

    No.  Points paid are entered in the Interest You Paid section of Schedule A.  SALT is only used in the Taxes You Paid section of Schedule A.

    Level 15
    April 14, 2023

    Loan origination points have nothing to do with the $10,000 SALT limit.  That limit is for property tax, and state and local taxes, including state income tax and/or state sales tax.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**