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.
The deduction for student loan interest is classified as an adjustment to income.. That means it's taken out of your taxable income before you claim most other types of deductions. And that also means you can deduct student loan interest even if you claim the standard deduction on your tax return. You do not need to itemize. Claim the deduction on Form 1040 or Form 1040A. You can't take the deduction if you file Form 1040EZ.