Definition of seep in the Idioms Dictionary. seep phrase. What does seep expression mean? Definitions by the largest Idiom Dictionary.
If your loan is for 30 years then you can deduct 1/30th of the points each year on your taxes. Typically you must deduct the points on a refinance mortgage over the life of the loan unless part of the refinance proceeds are used to improve the main home.
How Much of the Expenses Can You Deduct? You can deduct on Schedule A (Form 1040) only the amount of your medical and dental ex-penses that is more than 7.5% of your AGI (Form 1040, line 38).In this chapter, the term â7.5% limitâ is used to refer to 7.5% of your AGI. The phrase âsub-ject to the 7.5% limitâ is also used.