Tax \$svings. This month you made a mortgage payment of $600, of which $526 was an interet payment and $74 is a payment of the laan principat. You are in the 35% margind tax bricket and you wit itemize instead of taking the standard deduction. What are the tax savings as a result of this payment? Your tax savings as a result of this payment is 1 (Round to the nearest cent)