Is My Home Mortgage Interest Fully Deductible?
Use this tool to determine whether your home mortgage interest is fully deductible or subject to limitations. First, check whether you meet the conditions to deduct home mortgage interest, then answer the questions below to determine the result.
1) Were your total mortgage balances $100,000 or less ($50,000 or less if married filing
separately)?
No
2) Were all of your home mortgages taken out on or before October 13, 1987?