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 Retirement Traps to Avoid Beware of these traps that could upend your retirement. Budget Check Up: Tax Time Is the Right Time Tax preparation may be the perfect time to give the household budget a check-up. IRA Withdrawals that Escape the 10% Tax Penalty The list of IRA withdrawals that may be taken without incurring a 10% early penalty has grown.