Most people overestimate the value of this deduction. If you are married filing jointly you would get a $12600 without itemizing. So you are only saving any mon

Most people overestimate the value of this deduction. If you are married filing jointly you would get a $12600 without itemizing. So you are only saving any money if your mortgage interest and property taxes are more than $12600 a year, or if you have other deductions.