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 How Income Taxes Work A quick look at how federal income taxes work. Medicare Advantage 101 Overview of Medicare Advantage, what’s in them, special rules, and more. Can I Refinance My Mortgage? This calculator can help determine whether it makes sense to refinance your mortgage.