Mortgage interest and state and local taxes can add up to more than the standard deduction. When they do, itemizing lowers your tax.
See how it works through one simple example.
Everyone gets a standard deduction automatically. If your itemized costs are bigger, you deduct those instead.
The main itemized costs for homeowners are mortgage interest and state and local taxes (SALT).
SALT only counts up to a yearly cap.
Enter your costs and filing status. We compare both.
This is a rough guess. Connect your account to see your real number, down to the dollar.
A simple federal estimate to show the idea, not a tax filing. Real numbers depend on your full situation and current limits, which we confirm before you act.
Connect your account and we pull your 1098 and taxes to compare both, down to the dollar.
Free to check. Nothing happens until you say so.
The honest version.
State and local taxes: income or sales tax plus property tax, up to a yearly cap.
Only if your itemized costs beat the standard deduction. Our tool checks.
Mortgage interest is on Form 1098. Property tax is on your statement.
Connect an account or upload last year's return. No card to get your number.
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