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 Does Your Child Need to File an Income Tax Return? When your child has income, there’s a good chance that he or she will need to report it and pay taxes. The Big Picture– Cracking Open a Six Pack Knowing your risks is essential when making investment decisions and exit decisions. What Is My Current Cash Flow? Assess whether you are running “in the black” or “in the red” each month.