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. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Universal Life Insurance Universal life insurance is permanent insurance with a flexible premium. Here's how it works. The Business Cycle How will you weather the ups and downs of the business cycle? The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you.