Mortgage Interest Deduction in Wisconsin
State income tax rate
7.65%
Itemized deductions allowed
✅ Yes
State-Level Mortgage Interest Deduction
Wisconsin has a top rate of 7.65% and conforms to federal itemized deductions. Mortgage interest is deductible on Wisconsin returns.
Combined Federal + Wisconsin Savings
If you paid $18,000 in mortgage interest last year and itemize on both returns, your combined tax savings would be approximately:
- Federal (22% bracket): $3,960
- Wisconsin (7.65% rate): $1,377
- Total estimated savings: $5,337
These are estimates based on a 22% federal bracket. Your actual savings depend on your specific tax situation.