Chances are, if you were to pull out your latest pay stub, you would see two important lines among the list of taxes taken out of your wages: FICA and MEDFICA. If you were to do the math, these two lines, standing for...
- Monday Map: Mortgage Interest Deduction by State
Monday Map: Mortgage Interest Deduction by State
Today's Monday Map looks at the percentage of taxpayers claiming the mortgage interest deduction in each state - a tax break which could conceivably be reduced or limited by a fiscal cliff compromise. The state with the highest percentage is Maryland, with 36.79% of tax returns claiming the eduction; at the other end is neighboring West Virginia, where only 15.00% of taxpayers claim it.
Click on the map to enlarge it.
View previous Monday Maps here.
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