In your situation, the:
Personal Mortgage Interest (not used for a business within the home)
Personal Property Taxes (not used for a business within the home)
Personal Private Mortgage Insurance (PMI) (not used for a business within the home)
Any prorata portion used for a business within the home are deduction as business deduction, with any balance pushed up to your personal return as a potential itemized deduction
All the above can be used to reduce your Adjusted Gross Income ONLY IF the total of all your ITEMIZED DEDUCTIONS are greater than the STANDARD DEDUCTION on your tax return.
If the IRS gives you a larger deduction than what you are already paying, you would not claim less deductions because the amounts above were paid.
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