Tax Benefits Calculator
Discover how much you can save in taxes with mortgage interest deductions, property tax write-offs, and depreciation benefits for investment properties.
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You can deduct mortgage interest on loans up to $750,000 ($375,000 if married filing separately) for your primary residence and one additional home. For investment properties, there's no limit on the mortgage interest deduction.
Property Tax Deduction (SALT Cap)
The Tax Cuts and Jobs Act (TCJA) capped the state and local tax (SALT) deduction at $10,000 for primary residences. However, investment properties can deduct the full amount of property taxes as a business expense.
Depreciation (Investment Properties Only)
Investment properties can be depreciated over 27.5 years (residential) or 39 years (commercial). This allows you to deduct a portion of the property's value each year, even though the property may actually be appreciating in value. The land portion (typically 20%) cannot be depreciated.
Additional Investment Property Deductions
Beyond what's shown in this calculator, investment property owners can also deduct: property management fees, repairs and maintenance, insurance, utilities, HOA fees, advertising costs, and travel expenses related to property management.
Disclaimer: This calculator provides estimates for educational purposes only and should not be considered tax advice. Tax laws are complex and subject to change. Actual deductions and tax savings depend on your individual circumstances, including income, filing status, and other deductions. Please consult with a qualified tax professional or CPA for personalized tax advice.