Politics & Government

YOUR PHOTOS: Rally to Protect Mortgage Interest Deduction

Hundreds of people gathered last week in Annapolis for a rally to oppose the elimination of the mortgage interest deduction.

Hundreds of real estate agents and other people gathered in Annapolis last week to oppose efforts to reduce the mortgage interest tax deduction.

The agents stood in the chilly rain to oppose a plan that they said would reduce  the mortgage interest deduction by 10 percent for individuals earning more than $100,000 and couples earning more than $150,000. For those earning more than $200,000, homeowners would see a 20 percent reduction in their itemized deductions.

According to those in the real estate industry, mortgage deductions comprise as much as 70 percent of those deductions taken by Marylanders who file tax returns.

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Mary Groven of in Odenton was on hand Feb. 29 and snapped a few photos of the rally. 

According to the Baltimore Sun, legislators could be exploring alternatives to reducing the deductions.

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