Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Itemized Deductions

Interest Paid

Home Mortgage Points

Points are the charges paid by a borrower and/or seller to a lender to secure a loan. They are also called:

  • Loan origination fees (including VA and FHA fees)
  • Maximum loan charges
  • Premium charges
  • Loan discount points
  • Prepaid interest

Only points paid as a form of interest (for the use of money) can be deducted on Schedule A.

A house.