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 | Related Content Making Your Tax Bracket Work Have you explored all your options when it comes to managing your taxable income? What If You Get Audited? The chances of an IRS audit aren't that high. And being audited does not necessarily imply that the IRS suspects wrongdoing. Tax Freedom Day Assess how many days you'll work to pay your federal tax liability.