<h3>Understanding the Benefits</h3>
## Understanding the Basics of Mortgage Interest Deductions
Learn more
Additional information <a href=https://tradeprofinances.com/mortgage/is-mortgage-interest-tax-deductible-in-california/>https://tradeprofinances.com/mortgage/is-mortgage-interest-tax-deductible-in-california/</a>
"
Let's consider an example:
* **Mortgage Statement:** This statement, also called a Form 1098, will be provided by your lender and will outline the interest you paid during the year.
<ul>
<h2>Example: Calculating Mortgage Interest Deduction</h2>