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Carole Said:

Can I deduct the points paid on tax refund?

We Answered:

Yes they are deductible on schedule A if you have enough to itemize.
Your total itemized deductions should be more than your standard deduction to benefit you. You can claim on schedule A such things a medical expenses in excess of 71/2 of you adjusted gross income,mortgage interest and points, property taxes, sales tax or state and local income tax., Charity,and unreimbursed employee business expenses in excess of 2% of your adjusted gross income.

I am sending you a few links that might be helpful.

Christine EA Master Tax Adviser
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This advice was prepared based on our understanding of the tax law in effect at the time it was written as sit applies to the facts that you have provided. http://www.hrblock.com/taxes/tax_tips/in…
http://www.hrblock.com/taxes/tax_calcula…

Samantha Said:

Refund of Unearned Premium?

We Answered:

First of all, unearned premiums are refunded only if they were paid by the insured. Don't expect refund for something you did not pay.
Second, "throw the unearned premium in with escrowed property taxes and hazard insurance premiums and refund it to the policyholder in one lump sum check without any accompanying itemization" - only if there is still due amounts. The lender is entitled to offset your credits against your dues.
However, most of the mortgage lenders do make a direct refund of unearned premiums, even if the amounts are small, by sending you a check for the refunded premium.
You will have to call your lender, and find out what YOUR contract says.