|
|
|
|
Estimated Tax Savings in Different Current Tax Brackets |
Enter the TOTAL amount you owe on: |
|
|
|
10% |
15% |
25% |
28% |
33% |
35% |
CREDIT CARDS: |
$ |
|
|
|
|
|
|
|
|
AUTO LOAN: |
$ |
|
|
|
|
|
|
|
|
PERSONAL (unsecured) LOANS: |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Personal Debt: |
$ |
0 |
|
|
|
|
|
|
|
Estimates Interest Deduction * |
$ |
0 |
|
$ |
0 |
$ |
0 |
$ |
0 |
$ |
0 |
$ |
0 |
$ |
0 |
* Credit card rate used is 17%, Auto Loan rate used is 8% and personal loan rate used is 15%. These are common average rates. |
Note: All estimates are approximate. Itemized deductions are subject to limitations and phase-out above certain income levels. Our proposal asks Congress to make the interest fully deductible - even if you don't itemize your return. These estimates are illustrative only. |
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
