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 Should You Borrow from Your 401(k)? Does it make sense to borrow from my 401(k) to pay off debt or to make a major purchase? Essential Steps to Avoid and Recover From Identity Theft Identity theft is becoming more common every day. Here’s what to do if it happens to you. Financial Hacks for Millennials: 5 Ways to Manage Finances De-stress money management in your household with a systematic approach.