October 23, 2012 Tax Tip: Mortgage Refinancing Leave a comment Tax Tip: If a taxpayer used the proceeds of a mortgage refinancing to improve their principal residence, they may be able to deduct the points paid on the load for the year of purchase. Share this:TwitterFacebookLinkedInPinterestEmailLike Loading... Related Posted by luxeaccounting in Federal Taxes, Tax Deductions Tagged: hialeah tax preparer, income tax, itemized deduction, Luxe Accounting Tax Preparation, mortgage, tax deduction, tax prep, Tax Preparation