Home Mortgage Points | Money-Rates.com Savings Investor

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2008 Tax Tip: Deducting Points on Home Mortgage Loans

March 23, 2008
By MoneyRates team | Money-Rates Columnist

Homeowners face a lot of confusion regarding how “points” paid on their home mortgage loans can be deducted as mortgage interest on their tax returns. The IRS has published the following information on this topic:The term “points” is used to describe certain charges paid to obtain a home mortgage. Points may be deductible as home [...]

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About Richard Barrington

Richard Barrington, CFA, is the primary spokesperson and personal finance expert for MoneyRates. He is a 20-year veteran of the financial industry, including having served for over a dozen years as a member of the Executive Committee of Manning & Napier Advisors, Inc. Richard has written extensively on investment topics, including investments, money market accounts, Certificates of Deposit's and personal finance as it relates to retirement. Richard has been quoted by numerous media publications such as the New York Times, the Wall Street Journal, and Pensions & Investments magazine.

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