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 Question Thank you! Oops! Related Content Why Millennials May Need Life Insurance Now More than Ever It’s easy to feel invincible when you’re young, healthy and have a steady paycheck. After all, the chances of something catastrophic happening to you are pretty low, right? 6 Strategies to Help You Prepare for Living on Retirement Explore financial strategies that may help you prepare for living on a fixed budget during retirement on My Retirement Walk. Pay Yourself First It sounds simple, but paying yourself first can really pay off.