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 The Richest Man in Babylon In good times and bad, consistently saving a percentage of your income is a sound financial practice. What If Your Kids Decide Against College? Rising college costs prompt students to seek alternatives; 529 account funds can be used for other education options. Required Reading: The Economic Report of the President The Economic Report of the President can help identify the forces driving — or dragging — the economy.