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The amount of your student loan interest deduction is phased out (gradually reduced) if your MAGI is between $65,000 and $80,000 ($130,000 and $160,000 if you file a joint return). You cannot claim a student loan interest deduction if your MAGI is $80,000 or more ($160,000 or more if you file a joint return).
The rules for deducting mortgage interest on a home include being able to deduct interest on a first home and on a second (vacation) home. You can deduct loan interest on loans up to $1,000,000 for mortgages and $100,000 for home equity lines of credit for a total loans amount of $1,100,000.