Taxpayers can deduct the interest paid on first and second mortgages up to $1,000,000 in mortgage debt (the limit is $500,000 if married and filing separately).

Before filing your taxes, use this calculator from Navy Federal Credit Union to see how much your mortgage interest and points paid could save you.

Use the mortgage tax savings calculator to determine how much your mortgage payments could reduce your income taxes.

This part explains what you can deduct as home mortgage interest. It includes discussions on points and how to report deductible interest on your tax return.

The home mortgage interest deduction (HMID) allows homeowners to deduct mortgage interest paid on up to $750,000 of their loan principal. · The maximum mortgage ...

A mortgage interest tax calculator is a great place to start when estimating how much you might be able to deduct from your federal and state taxes this year.

Interest and points paid for a home mortgage are tax deductible. Use this calculator to determine how much your mortgage could save you in income taxes.

Use this calculator to estimate interest deductions and cost of borrowing savings. Taking an investment loan (min. $10,000).

To calculate your mortgage tax deduction, divide your maximum debt limit by the remaining balance on your mortgage. Then, multiply that result by the interest ...

Is the mortgage tax deduction right for you this tax season? Learn all about this deduction, the benefits for homeowners and if it's the right move for you.