Mortgage Interest Deduction in Maine
State income tax rate
7.15%
Itemized deductions allowed
✅ Yes
State-Level Mortgage Interest Deduction
Maine conforms to federal itemized deductions with a top rate of 7.15%. Mortgage interest is deductible on Maine returns.
Combined Federal + Maine 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
- Maine (7.15% rate): $1,287
- Total estimated savings: $5,247
These are estimates based on a 22% federal bracket. Your actual savings depend on your specific tax situation.