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 Message Thank you! Oops! Related Content A Primer on Irrevocable Life Insurance Trusts Irrevocable life insurance trusts can be important tools that may accomplish a number of estate objectives. Risk Perspective Is it possible to avoid loss? Not entirely, but you can attempt to manage risk. Filing Final Tax Returns for the Deceased The federal government requires deceased individuals to file a final income tax return.