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 Comparing Investments This calculator compares the net gain of a taxable investment versus a tax-favored one. How Income Taxes Work A quick look at how federal income taxes work. Tax Freedom Day Assess how many days you'll work to pay your federal tax liability.