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Author Message   Andhrajamesbond Kurra Bewarse Username: Andhrajamesbond Post Number: 1574 Registered: 03-2004 Posted From: 68.93.142.53 Rating: N/A Votes: 0 Posted on Tuesday, August 01, 2017 - 3:46 pm:    Wanderer: tax deductions roopam lo. OK. For easy calculations: Scenario1: you have 100K income. You got to pay mortgage interest 10000. so, your Gross adjustable income is 90K.30 percent tax is 27000/-.so, moeny in your hand is 63000/- Scenario22; you paid off your mortgage.Income is 100k tax is 30% Now, you dont have any mortgage .you got to pay 30,000.net money in your hand is 100,000-30,000= $70,000 I know it is not that simple calcualtion when there are many, many deductions , credits and other tax implications.But, You dont save anything by not paying mortgage.