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. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content What Do Your Taxes Pay For? Here's a breakdown of how the federal government spends your tax money. Money Draining Food Myths These food myths will really put a drain on your wallet. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.