Yes, if all mortgages on your home total either -More than the fair market value of your home, or -More than $1 million ($500,000 if you’re married and filing separately from your spouse). And yes, if your home equity loans are more than $100,000 ($50,000 if you’re married and filing separately). In those cases, your deduction may be limited. For details, see “IRS Publication 936: Home Mortgage Interest Deduction”.
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