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 only the amount of your total medical and dental expenses that is more than 10% of your adjusted gross income (AGI). But if either you or your spouse is 65 years or older (born before January 2, 1949), you can deduct the amount that is more than 7.5% of your AGI.