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 Required Reading: The Economic Report of the President The Economic Report of the President can help identify the forces driving — or dragging — the economy. Risk Perspective Is it possible to avoid loss? Not entirely, but you can attempt to manage risk. The Most Overlooked Item of Any Home Improvement The item most homeowners forget on their home improvement project checklist is insurance.