No, unfortunately when you refinance your mortgage and combine a home equity loan, the mortgage interest from the new loan isn’t tax deductible. Only the loan amount when you originally acquired the property remains deductible.
https://www.irs.gov/publications/p936 No matter when the indebtedness was incurred, you can no longer deduct the interest from a loan secured by your home to the extent the loan proceeds weren't used to buy, build, or substantially improve your home.
[edited 2/2/21|10:20 pst]
@jsatkovitch
@
