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 How to Make Smart Debt Decisions Making smarter decisions about debt can help you reduce stress. What Is a 1035 Exchange? 1035 exchanges provide a way to trade-in an annuity contract or life insurance policy without triggering a tax liability. Can I Refinance My Mortgage? This calculator can help determine whether it makes sense to refinance your mortgage.