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 Contents Making Your Tax Bracket Work Have you explored all your options when it comes to managing your taxable income? What Do Your Taxes Pay For? Here's a breakdown of how the federal government spends your tax money. Tax Freedom Day Assess how many days you'll work to pay your federal tax liability.