Tax Break: How your house can boost your deductions - 2004-02-23
In genral, you can deduct home mortgage interest for up to two residences on Schedule A of Form 1040. But that's just the beginning of how your house can cut your tax bill.
"If you've just taken out a mortgage in 2003 or refinanced, and you paid points, part or all of those points could be deductible depending on how the loan is structured," Kenneth Vargas from the IRS says.
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