Do you want to avail the facility of tax benefits while buying homes? Tax Benefits Calculator is an amazing tool that finds out what amount of tax deduction you can get. Fill up the required fields with the value of your property and loan amount as well as the month you purchased the home. Home interest and points are included in recorded deductions. Estimate your Schedule A itemized deductions. While buying homes, your itemized deductions including your mortgage deductions are evaluated with your standard deduction to calculate the tax benefit. Tax Benefits Calculator Property Value ($)   Loan Amount ($)   Interest Rate (%)   Points   Term In Years   Month Purchased January February March April May June July August September October November December Filling Status Single Married Tax Rate (%) 10 % 15 % 20 % 25 % 27 % 28 % 30 % 33 % 35 % State Tax Rate (%)   Real Estate Taxes (%)   Medical & Dental ($)   Gifts & Charity ($)   Theft & Losses ($)   Job Expenses ($)