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.
4. Student Loan Interest Deduction. This deduction is offered when you are paying back a loan you have taken for financing your education. Notice what you are deducting: It is not your entire loan payment, only the interest portion of the payment. If eligible, you can deduct up to $2,500 per year per tax return.