Refinanced and got cash out this year 2022. Do I have to pay tax on the cash out portion ? If so, how do we figure out how much we will owe ?

Hi, no, you don't have to pay any taxes on the cash you took out.  However, in the future, you can't claim a tax deduction related to the interest paid on the cash you took out. That is because the cash out wasn't used to buy, construct or build you home. This article  gives a great overview.

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