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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).
15. Mortgage Interest Deduction. Although proposed tax reform could change this, most taxpayers who itemize are eligible to deduct the interest they paid on their mortgages. You can deduct the interest you paid on loans of $1 million or less, but if you're married and filing separately, you can deduct the interest only on loans of up to $500,000.