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bugsy1998
New Member

We refinanced our home this past year, can mortgage insurance premiums be deducted

what other fees can I deduct
1 Reply
KarenL2
Level 5

We refinanced our home this past year, can mortgage insurance premiums be deducted

Yes.  You can deduct any interest or real estate taxes on your Settlement Statement that are not already included on your Form 1098. Only pro-rated amounts can be deducted, not prepaid amounts held for escrow.

Also, you can deduct qualified points paid on a mortgage, but they have to be spread out over the term of the loan. The software will prompt you to select that.  (Points can also be called loan origination fees, maximum loan charges, discount points, or loan discount.)

What kinds of refinancing costs can I deduct? 

https://ttlc.intuit.com/replies/3300426


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