effective tax rate table
How to Read Table
- Move along the yellow horizontal row and find your home equity APR.
- Then locate down the green vertical column your income tax bracket.
- Your Effective Tax Rate is where the two cells intersect.
- The Effective Tax Rate is the calculated
annual interest rate that you would pay if you deducted
qualifying interest charges from your taxes.
Note: most home equity interest charges qualify for tax deductibility, but there are limitations. See your professional tax advisor.