Tax Benefit of a Mortgage

You’ve probably heard there is a tax benefit to paying mortgage interest, but have you ever calculated out how much it really amounts to?

For those who itemize deductions and are in a high tax bracket, it can be substantial. For those in lower brackets, with a minimal amount of mortgage interest, it may be negligible.

You can learn more about the tax deductibility of your mortgage, and use this online calculator to see how much of a tax benefit it may or may not provide for you. Check it out at Is Your Mortgage Interest Tax Deductible?