The presidentâs executive action was the latest in a series of administration moves imposing new requirements on companies that contract with the U.S. government. It will give about 300,000 employees of federal contractors the chance to earn up to seven days of paid sick leave each year.Some workers who already have sick-leave benefits will have access to additional sick days.t will give about 300,000 employees of federal contractors the chance to earn up to seven days of paid sick leave each year. Some workers who already have sick-leave benefits will have access to additional sick days.
Discount points are a type of prepaid interest or fees mortgage borrowers can purchase that lowers the amount of interest they have to pay on subsequent payments. Each discount point generally costs 1% of the total loan amount and depending on the borrower, each point lowers the loan's interest rate by one-eighth to one one-quarter of a percent. Discount points are tax deductible only for the year in which they were paid. BREAKING DOWN 'Discount Points' Discount points are also known as mortgage points. They are a one-time, upfront mortgage closing cost which five a mortgage borrower access to discounted mortgage rates as compared to the market.
A point can be classified as an origination point or discount point. You pay origination points directly to the mortgage originator for obtaining the financing. Borrowers pay discount points to the mortgage lender as prepaid interest to buy down the interest rate over the life of the loan.Because the IRS considers points prepaid interest, the points are deductible on your federal income taxes--with conditions of course.. Deduct the points over the life of the loan if you cannot meet all of the requirements to deduct them immediately. If your loan is for 30 years then you can deduct 1/30th of the points each year on your taxes.