So I’m a first time home buyer. I did my taxes last year before I cashed out refinanced my home. Anyways I looked at my state and I’ll have paid about 15k in interest this year on my house. Now I’m a single guy in VA, I believe my max deduction is $13,850. Now since I’m over the threshold I understand that remaining 1150 isn’t contributed to my return. But I guess I’m wondering is there a way to calculate how much I’ll get back from my mortgage intrest deduction of the $13,850? I work in a federal job and I believe I haven’t been on the hook for more than 200 dollars on taxes so far my entire career. I guess I’m being inpatient to try to see how much I’ll get back since I have to fix something in the house also. Obviously I wouldn’t get that whole chunk back but from your words of wisdom can you shed some light ?

Current mortgage is 363k left Rate is 4.5