Mortgage Interest Deduction in Maryland
State income tax rate
6.5%
Itemized deductions allowed
✅ Yes
State-Level Mortgage Interest Deduction
Maryland has a top rate of 6.5% and conforms to federal itemized deductions. County income taxes can add 2–3% on top. Mortgage interest is deductible at both the state and county level.
Combined Federal + Maryland Savings
If you paid $18,000 in mortgage interest last year and itemize on both returns, your combined tax savings would be approximately:
- Federal (22% bracket): $3,960
- Maryland (6.5% rate): $1,170
- Total estimated savings: $5,130
These are estimates based on a 22% federal bracket. Your actual savings depend on your specific tax situation.