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. Your Cash Flow Statement A presentation about managing money: using it, saving it, and even getting credit. Stop Wasting Money One way to find money is to examine your current spending habits and eliminate money wasters.