Points Paid When a Home Is Refinanced Can All Be

question 169

True/False

Points paid when a home is refinanced can all be deducted as interest in the year they are paid.

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Definitions:

High-Crime Areas

Regions or locales that have significantly higher rates of criminal activity in comparison to surrounding areas.

SMI

Severe Mental Illness, a term used to describe mental disorders that significantly interfere with one's ability to perform major life activities.

Medication Adherence

The extent to which a person's behavior in taking medication corresponds with agreed recommendations from a healthcare provider.

Smaller Dosages

Smaller dosages refer to prescribing or taking lower amounts of a medication than typically used, often to minimize side effects, adjust to the patient's tolerance level, or in pediatric, geriatric, or sensitive populations.