Ar_home_b_search
 



maryland tax burden: Governor O’Malley announced his budget proposal which will reduce the deductions (Including Mortgage Interest) of all Marylanders who itemize and make more than $100,000. - 01/23/12 02:29 PM
The Governor is including this in the Budget Reconciliation and Financing Act, which means that there will be no hearing or testimony on this specific provision.
·The proposal to reduce deductions for Maryland taxpayers will disproportionately burden Maryland homeowners.
·The two most important deductions for Maryland homeowners are the mortgage interest deduction and state and local property tax deduction.
·Over 50% of Maryland taxpayers itemize, the highest proportion in the country.
·Maryland has the highest percentage of taxpayers, almost 38%, claiming the mortgage interest deduction.
·The mortgage interest deduction and real estate taxes account for almost 70% of total deductions for Maryland taxpayers.
… (0 comments)

 
Crb_photo Rainmaker_large

Mickey Hayward - Specializing in Farms & Land

Denton, MD

More about me…

Sunset Properties - Maryland and Delaware Farm & Land Sales

Address: 110 Market Street, Denton, MD, 21629

Office Phone: (877) 479-9729 x 21

Cell Phone: (410) 924-2277

Email Me

Information and news about real estate, local culture and activities around the eastern shore of the Chesapeake Bay in Maryland and southern Delaware.


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find MD real estate agents and Denton real estate on ActiveRain.