: If you paid "discount points" to lower your interest rate, they are often fully deductible in the year you paid them, provided the loan is for your primary residence and meeting other IRS criteria. Nondeductible Closing Costs
Topic no. 504, Home mortgage points | Internal Revenue Service deductible home buying expenses
This limit applies to loans taken out after December 15, 2017. : If you paid "discount points" to lower
The Internal Revenue Service (IRS) identifies three major categories of homeownership expenses that you can typically deduct: 000 of mortgage debt ($375
: You can deduct interest paid on up to $750,000 of mortgage debt ($375,000 if married filing separately) for a first or second home.