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Governor O’Malley Wants To Reduce Mortgage Interest Deductions On State Taxes

Hang on to your wallets. The Maryland General Assembly is about to take action that’s bound to cost you.

02/29/2012

(AP Photo/Rich Pedroncelli)

Md. Realtors Bash Governor’s Mortgage Deduction Idea

Maryland real estate agents expressed alarm Wednesday at Gov. Martin O’Malley’s proposal to cap state income tax deductions for people who make more than $100,000, a change that would have a big impact on mortgage interest deductions.

01/25/2012