Counterpoint

• WWizards of the Coast2024-02-02
  Official Ruling
  If the target spell is an illegal target as Counterpoint tries to resolve, it won’t resolve and none of its effects will happen.
• WWizards of the Coast2024-02-02
  Official Ruling
  Alternatively, if the target spell is still a legal target but can’t be countered, Counterpoint will still resolve and allow you to cast a spell from your graveyard with mana value less than or equal to the target spell’s mana value.
• WWizards of the Coast2024-02-02
  Official Ruling
  If you cast a spell “without paying its mana cost,” you can’t choose to cast it for any alternative costs. You can, however, pay additional costs, such as kicker costs. If the card has any mandatory additional costs, those must be paid to cast the spell.
• WWizards of the Coast2024-02-02
  Official Ruling
  You cast the card from your graveyard as Counterpoint resolves. You can’t wait to cast it later in the turn. Timing restrictions based on the card’s types are ignored.
• WWizards of the Coast2024-02-02
  Official Ruling
  If a spell you cast has in its mana cost, you must choose 0 as the value of X when casting it without paying its mana cost.
• WWizards of the Coast2024-02-02
  Official Ruling
  If the target spell has in its mana cost, use the value chosen for X when determining that spell’s mana value.

Rulings via Scryfall