Maryland Mortgage Interest Tax Deduction At Risk

February 1st, 2012

The mortgage interest tax deduction that 38% of Maryland homeowners take advantage of could go away if a new bill introduced is passed. According to the Maryland Association of REALTORS(R) Action Alert about the reduction in tax deduction, "Under the proposal, if a Maryland taxpayer’s federal adjusted gross income exceeds $100,000; single taxpayer’s itemized deductions would decrease by 10% when [...]