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 Insuring Your Second Home There are unique risks of owning a second home and obtaining the proper coverage may protect you from financial risk. Filing Final Tax Returns for the Deceased The federal government requires deceased individuals to file a final income tax return. You May Need to Make Estimated Tax Payments If… Have income that isn’t subject to tax withholding? Or insufficient withholdings? You may have to pay estimated taxes.