 TITLE: How Much Does a Mortgage Point Cost? CONTENT: Are Mortgage Points Tax-Deductible?\n-----------------------------------\nOrigination points are not tax-deductible because they're a cost associated with originating your loan. However, you may be able to deduct money paid for discount points because it's essentially prepaid interest.\nThe caveat is that you need to itemize your deductions on your tax return, along with regular mortgage interest, to take advantage of the tax savings. If all of your allowable itemized deductions add up to a sum less than the standard deduction for your filing status, it won't make sense to go that route. END