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 How to Make the Tax Code Work for You When you take the time to learn more about how it works, you may be able to put the tax code to work for you. Mortgages in Retirement Explore the benefits and drawbacks to paying off your mortgage prior to retirement with this article. The Mattress Dilemma: Where to Stash Your Savings? Americans are saving more these days.1 Especially millennials. We know why to save: For emergencies, for retirement, to afford big-ticket dreams like home ownership or opening a business. But how to save is another matter.