Add the interest on both 1098 forms and determine if the total you can claim would make an impact on your return.
You have the option of using the Standard Deduction or Itemizing Deductions.
Most people use the Standard Deduction.
If you filed and used Itemized Deductions, your return will include Schedule A and if the interest you can claim has increased, this more than likely would decrease your tax liability (or increase your refund) . If your tax liability was "zeroed out" (line 16 on your 1040) the increase of interest will not make a difference.
If you used the Standard Deduction, this additional interest would only be helpful if that amount, plus your other itemized deductions, total more than the Standard Deduction.
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