Loan & Credit Line Tax Savings
Estimate potential tax savings from deductible interest payments on loans and credit lines.
Loan Details
$
%
30 years
1 years30 years
%
Tax Savings Summary
Avg. Annual Interest$10,628.71
Annual Tax Savings$2,550.89
Effective Interest Rate4.9%
Total Interest Paid$318,861.22
Total Tax Savings$76,526.69