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 Not Your Parents’ Finances From paychecks to housing costs, millennials today are confronting very different financial challenges, opportunities and... Assess Life Insurance Needs How to help determine life insurance needs to provide for your family after you pass away. Financial Fixes: The Hidden Costs of Home Ownership Six out of 10 millennials regret buying a home because they weren’t prepared for the hidden costs.