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 Question Thank you! Oops! Related Content The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. Layers of Protection Take these five steps to protect your financial well-being before making any other changes. Bursting the Bubble Tulips were the first, but they won’t be the last. What forms a “bubble” and what causes them to burst?