are mortgage interest payments tax deductible
Calculate your payment and more. Interest paid on a mortgage is tax deductible if itemized on the tax return. So are points that are paid to lower the interest rate.Use this mortgage tax deduction calculator to determine how much you could save in income taxes.alculate your payment and more. Interest paid on a mortgage is tax deductible if itemized on the tax return. So are points that are paid to lower the interest rate.