Mortgage Tax Savings Calculator

Use the mortgage tax savings calculator to determine how much your mortgage payments could reduce your income taxes. The interest paid on a mortgage, along with any points paid at closing, are tax-deductible if you itemize on your tax return. Use this calculator to see how this deduction can create significant tax savings.

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For more information about these financial calculators please visit: Dinkytown.net Financial Calculators from KJE Computer Solutions, Inc.

While every effort has been made to provide reliable interactive calculators, ThinkAdvisor does not guarantee their accuracy. Data inputs of numerical values are hypothetical and for illustration purposes only. Data outputs may not be used to predict or project actual investment results. Where rates of return are shown, they are not representative of any particular investment.

Please be advised that this document is not intended as legal or tax advice. Accordingly, any tax information provided in this document is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and you should seek advice based on your particular circumstances from an independent tax advisor.