'Nondeductible closing costs' presentation slideshows

Tax Returns & Closing Costs for Refinancing

When you refinance a mortgage to obtain additional funds for home improvement projects or take advantage of lower interest rates, your new loan is subject to the same tax rules that apply to the original mortgage. As a result, you will not notice any difference in the way you prepare your tax return after refinancing, such as how you report your deductions for mortgage interest and the treatment of your closing costs

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