On my closing statement, all of my costs are identified as points. Does that mean I can deduct all of my closing costs?

No. Deductible points must be paid to obtain a lower interest rate. If you didn't pay an amount to get a lower interest rate, none of your points are deductible. If you did pay an amount to get a lower rate, check with your lender to see what part of your closing costs are considered to be interest paid. You will also want to review the flowchart in IRS Publication 17 to make sure the points meet the other tests to be deductible

How long do I have to wait before I can withdraw money from an IRA without penalty to buy a first home? I'm much younger than 59 1/2.

There is no age limit for the exception to the penalty for IRA distributions used to buy a first home. The exception applies only to the first $10,000 that is used to buy the home. The taxable portion of the distribution is computed in the usual manner (certain distributions from Roth IRAs are not taxable).

Are home repairs deductible?

Generally, home repairs are not deductible. Major repairs could add to your basis in your home. New carpet and a new roof are examples of major repairs.