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 What Can a Million Dollars Buy You? $1 million in a diversified portfolio could help finance part of your retirement. How the Federal Reserve Works Each day, the Fed is behind the scenes supporting the economy and providing services to the U.S. financial system. The Richest Man in Babylon In good times and bad, consistently saving a percentage of your income is a sound financial practice.