Co-op Tax Savings Calculator

Co-op Tax Savings

Estimate your annual federal tax savings from co-op maintenance fees. The deductible portion includes your pro-rata share of the building's real estate taxes and underlying mortgage interest. Check your building's annual financial statement for the exact percentage.

Annual Income

Monthly Maintenance

Deductible Portion

From your building's financial statement

Deductible Amount

Annual, fills % automatically

Filing Status

Maintenance Breakdown

Annual maintenance —

Deductible amount —

Non-deductible (operating expenses) —

Federal Tax

Marginal tax bracket —

Estimated annual tax savings —

Monthly savings —

Effective Cost

Listed monthly maintenance —

Effective net monthly cost —

Annual Tax Savings

—

Deductible: — Annual: —

Enter your income and maintenance above to calculate.

These estimates use 2024 federal marginal income tax brackets and assume you are itemizing deductions. Results do not account for the SALT deduction cap ($10,000 for most filers), New York State or New York City income taxes, AMT, or the standard vs. itemized deduction choice. The tax-deductible percentage of maintenance changes annually as the building pays down its mortgage and as property tax assessments change. Consult a CPA or tax advisor for advice specific to your situation.