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 Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. Medicare Advantage 101 Overview of Medicare Advantage, what’s in them, special rules, and more. Understanding Marginal Income Tax Brackets An inside look at how marginal income tax brackets work.