Maryland Mortgage Interest Deduction Preserved

Maryland Mortgage Interest Deduction Preserved

Earlier this month, I and my Realtor colleagues worked hard to defeat the proposed current Budget Reconciliation and Financing Act of 2012 (BRFA, HB 87/SB 152). Under it, Maryland would reduce itemized tax deductions, including the Mortgage Interest Deduction — the most important tax benefit that homeowners receive. The provision regarding a modification of the mortgage interest deduction was not well received and amendments to HB87 will probably result in the deletion of this provision. 

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F. Hill Slowinski, JD, REALTOR® in DC, MD, and VA
W.C. & A.N. Miller Realtors, A Long & Foster Company
Christie’s International Real Estate
4701 Sangamore Road, Bethesda, Maryland  20816
Tel: 301-229-4000  Fax: 301-229-4015
Direct: 301-320-8430 · Cell: 301-452-1409 Hill Slowinski
Email:  HSlowinski@LNF.com  ·  Web Site: www.HillSlowinski.com