A democratic republic is both a republic and a democracy. A republic is: a sovereign state. whose ultimate power rests in its citizens entitled to vote. who (directly or indirectly) elect representatives to wield that power.
Loan origination and discount points are both tax-deductible, as well as interest and property taxes. If loan origination points were high but you didn't pay other closing costs (e.g. escrow account setup fee, home appraisal and attorney fees, etc.), the loan origination fee is not tax deductible.To be tax deductible, it has to be clearly stated in points on top of the GFE and cannot pay for other items.f you obtained a mortgage to buy your primary residence, your loan origination points are tax-deductible for the year the purchase was made and only if the cash you contributed to the loan is greater than what you paid in origination points.
Assuming that Peg qualifies to claim the student loan interest deduction, she can deduct $401.02 ($87.89 + $10 + $303.13). For 2015, Peg will continue to allocate $5 of the loan origination fee to the principal portion of each monthly payment she makes and treat that amount as interest for tax purposes.owever, if your modified adjusted gross income (MAGI) is less than $80,000 ($160,000 if filing a joint return) there is a special deduction allowed for paying interest on a student loan (also known as an education loan) used for higher education.