How much $ can I expect after claiming renovations?

[Chris Gallick]

Hello BP! I'm seeking input from a CPA or tax professional that might be able to help me regarding claiming expenses on an investment property. I'd like to know how much I can expect to receive back from taxes after claiming a number of expenses. Is there a formula? Is the actual amount received based on where one falls in the federal tax bracket? 

For example, if someone were to put $10K towards renovations, etc., how much of that $10K will that individual receive back from the government? I've not been able to find the specific formula in my research and am hopeful that someone within this great community can shed some light on this topic. 

Thank you in advance!