Federal tax law will therefore bring you up to $100,000 in mortgage interest on home equity debt yet deduct your mortgage interest.) However, there are some limitatios, so consult withyour tax adviser in order to determine what your eligibility is.
Federal tax law lets you deduct mortgage interest on home equity debt of up to $100,000 ($50,00 each for married people who file separately). However, there are some limitations, so consult with your tax adviser in order to determine what your eligibility is.