Maryland residents are expected to save nearly $3 billion on their federal income taxes in 2018 as a result of the new federal tax law, according to a report state Comptroller Peter Franchot released Thursday. But residents will likely lose at least $400 million in state and local income taxes, unless lawmakers act to prevent it.
Franchot’s office estimates that between a quarter and a third of state taxpayers could pay more state and local income taxes.
Also check out my related story for NPR.org.