Is anyone aware of tax law change?

[taxdude71]

I have looked at the IRS website and don't see anything on this. I had 3 clients call yesterday saying that they recieved a phone call from someone at CountryWide to discuss refinancing their mortgage. This person told them that under new federal law, closing closts for refiancing where deductable on thier return. I think this is just some over zealus cold caller buit thought I would ask.

[ChEAr$]

I have looked at the IRS website and don't see anything on this. I had 3 clients call yesterday saying that they recieved a phone call from someone at CountryWide to discuss refinancing their mortgage. This person told them that under new federal law, closing closts for refiancing where deductable on thier return. I think this is just some over zealus cold caller buit thought I would ask.

"Closing costs"..... Those guys get everything confused, don't they.
Closing costs might included deductible points of course, but as far as recent tax law
change, nope.

[joanmcq]

and on a refi, they're amortizable.