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 Contents How Income Taxes Work A quick look at how federal income taxes work. What the New Tax Bill Means for You What does the Tax Reform and Jobs Act mean for you? Death is No Excuse The federal government requires deceased individuals to file a final income tax return.