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 Making Your Tax Bracket Work Have you explored all your options when it comes to managing your taxable income? How Income Taxes Work A quick look at how federal income taxes work. Tax Freedom Day Assess how many days you'll work to pay your federal tax liability.