Tax Benefits of Homeownership Calculator
Estimate your savings from mortgage interest and property tax deductions.
Your tax savings dashboard will appear here.
Go to the 'Data Configuration' tab to enter your details and calculate.
Total Estimated Annual Tax Savings
Itemized vs. Standard Deduction
Savings Breakdown
Your Total Itemized Deductions:
Standard Deduction:
Additional Deduction Amount:
Federal Tax Savings:
State Tax Savings:
Income & Filing Status
Annual Homeownership Costs
Your Tax Rates
Note: Calculations are based on 2024 Standard Deduction amounts ($14,600 for Single, $29,200 for Married Filing Jointly) and do not constitute financial advice.