Home Mortgage Deduction Use this calculator to assess the potential benefits of a home mortgage deduction. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Acres of Diamonds In life it often happens that the answers to our most pressing questions are right in our own backyards. The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. Working With A Financial Professional A financial professional is an invaluable resource to help you untangle the complexities of whatever life throws at you.