She explained that you may deduct interest on up to $ 1 million in home acquisition debt for your primary home and a vacation home. (turbotax.intuit.com)
These new limits don't affect up to $ 1 million of home acquisition debt taken out before December 16th, 2017 or incurred to buy a residence under a contract if the transaction closed before April 1st, 2018. (cbsnews.com)
For mortgages qualifying as home acquisition debt issued after Oct. 13, 1987 and up through 2012, only the interest on the first $ 1 million (the first $ 500,000 if you are married filing separately) is deductible. (sapling.com)