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 12 Steps to Living Confidently: How to Protect Yourself Protection. We’re obsessed with it these days. 3 Questions to Consider About Whole Life Insurance Whole Life insurance: Protection, supplement income in retirement and stable, predictable cash value Tax Deductions You Won't Believe Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.