Maine income tax 95% for tax years beginning after December 31, 2012 but before January 1, 2016. tax returns, and pay Maine withholding tax at revenue. Nov 13, 2024 · Learn about Maine's state tax rates and rules for various taxes that affect residents. Find out how to file your Maine state income tax return online or get free tax help from experts. Other Tax Credits Worksheet Worksheet for Form 1040ME, Schedule A, lines 6 and 20: Included: Tax Credit Worksheets: Worksheets for Tax Credits Claimed on Form 1040ME, Schedule A: Included: Minimum Tax Credit Worksheet (PDF) Maine Minimum Tax Credit and Carryforward Worksheet for Form 1040ME, Schedule A, line 17: Included Worksheet PTE -- Credit Ratio Worksheet for Individuals claiming the Pine Tree Development Zone Tax Credit (PDF) Renewable Chemicals Tax Credit (PDF) Renewable Chemicals Tax Credit Affidavit of Third-Party Testing (PDF) Research Expense Tax Credit (PDF) Seed Capital Investment Tax Credit (PDF) Student Loan Repayment Tax Credit (PDF) 2023 MAINE INCOME TAX TABLE If Line 19 Form 1040ME is: And Your Filing Status is: At Least But Less Than Single or Married-Filing Separately Married Filing Jointly* Head of House-hold *This column must also be used by a surviving spouse with dependent child. Updated 2024 State of Maine Individual Income Tax Rates . Maine Revenue Service provides three electronic filing options for Maine individual income tax returns: Modernized e-File – e-File using tax preparation software This service is offered through the IRS and provides one stop processing of federal and state returns. May 6, 2025 · A bill that aims to abolish Maine’s income tax and require state agencies to regularly engage in “zero-based budgeting” may be a canary in the coal-mine, testing how much willingness there might be on the legislature’s tax committee for considering a radically new approach to taxing Mainers. For more information, see MRS Rules 102 and 104 at maine. Box 1066, Augusta, ME 04332-1066: Individual Income Tax Estimate Payments (Form 1040ES-ME) P. Bulk filers must register for the MTP and obtain a MTP username. Income Subject to Tax. The corporate income tax is graduated, with rates ranging from 3. Box 1065, Augusta Individual Income Tax; Form Due Date; 1040ME, 1040EXT-ME: April 15* 1040ES-ME: April 15*, June 15*, September 15*, January 15* Amended 1040ME: Within 180 days of final federal determination or filing of federal Form 1040-X. Maine has a 0. 96 percent effective property tax rate on Note: Form W-3ME annual reconciliation of income tax withheld is no longer required and is discontinued for tax years after 2023. The state income tax in Maine is based on just three brackets. Maine has a graduated state individual income tax, with rates ranging from 5. Jan 24, 2025 · Select File an Individual Income Tax Return for 2025. 5% (for income up to $350,000) to 8. Maine also has a 5. gov 24_1040me_tax_tables. Division Telephone Fax Address Email; Business Equipment Tax Reimbursement Program (207) 624-9404 (207) 287-6396: PO Box 1064 Augusta, ME 04332-1064: betr. In 2023, the Maine state income tax rates range from 5. 8% of Maine taxable income Property Tax Fairness Credit and Sales Tax Fairness Credit: Included: Schedule A (PDF) Adjustments to Tax / Child Care Credit Worksheet: See 1040ME General Instructions: Worksheet for "Other" Tax Credits (PDF) Other Tax Credits Worksheet Worksheet for Form 1040ME, Schedule A, lines 6 and 20: Included: Tax Credit Worksheets Maine Revenue Services has created online training to help businesses, individuals, and tax professionals learn how to use the Maine Tax Portal to file, pay, and manage taxes. Follow the step-by-step instructions. 93% (for income in excess of $3,500,000). This amount will reflect the amount of unemployment compensation you received that is excluded from federal and Maine income tax. Bulk filing for income tax withholding is available on the MTP. Worksheet for Form 1040ME, Schedule A, lines 6 and 20 Included Tax Credit Worksheets Worksheets for Tax Credits Claimed on Form 1040ME, Schedule A Included Schedule 1A (PDF) Income Addition Modifications See 1040ME General Instructions Schedule 1S (PDF) Income Subtraction Modifications See 1040ME be included on the Maine individual income tax form for taxpayers to indicate, as applicable, that (1) the taxpayer, (2) the taxpayer's spouse, and (3) dependents of the taxpayer do not have health care coverage, Next, complete your Maine individual income tax return (Form 1040ME). Individual Income Tax (1040ME) Corporate Income Tax (1120ME) Estate Tax (706ME) Fiduciary Income Tax (1041ME) Guidance Documents; Employer Withholding (Wages, pensions, Backup) (941ME and ME UC-1) Franchise Tax (1120B-ME) Insurance Taxes; Pass-through Entity Withholding (941P-ME) and Returns; Real Estate Withholding (REW Maine Revenue Service provides three electronic filing options for Maine individual income tax returns: Modernized e-File – e-File using tax preparation software This service is offered through the IRS and provides one stop processing of federal and state returns. Individual Income Tax (Form 1040ME) Mail to this address if you are expecting a refund: P. The income brackets and rates for tax year 2024 are below: Income Tax Withholding. (See federal Form 8379 and related instructions). Mar 1, 2024 · Most residents, part-year residents and nonresidents are eligible to electronically file their individual income tax returns via the Maine Tax Portal ("MTP") or via Modernized e-File ("MeF") using a paid tax return preparer or tax preparation software. Prior to January 1, 2013, the MAINE TAX ALERT . Cookies are required to use this site. 93 percent. gov/ revenue/publications/rules. Except for certain married taxpayers described below, part -year residents, nonresidents , and safe harbor residents must file a Maine income tax return using the same filing status as properly used on the federal income tax return May 14, 2025 · Income Tax Brackets, Rates, Income Ranges, and Estimated Taxes Due. The bill, LD 671, was sponsored by Rep. 80 percent to 7. On Form 1040ME, line 14, enter your federal adjusted gross income from federal Form 1040 or Form 1040-SR, line 11. As is required by State statute, Maine Individual Income Tax rates have been updated for inflation for 2024. org Feb 24, 2025 · Learn about Maine's graduated income tax system, standard deduction, filing requirements, and tax credits for the 2024 tax year. A Publication of Maine Revenue Services (“MRS”) for Tax Professionals . Individual Income Tax (1040ME) Corporate Income Tax (1120ME) Estate Tax (706ME) Fiduciary Income Tax (1041ME) Guidance Documents; Employer Withholding (Wages, pensions, Backup) (941ME and ME UC-1) Franchise Tax (1120B-ME) Insurance Taxes; Pass-through Entity Withholding (941P-ME) and Returns; Real Estate Withholding (REW have income subject to Maine income tax resulting in a Maine income tax liability. Earners with incomes landing in the bottom bracket pay a rate of 5. For example, dividends from a stock portfolio are taxable regardless of where Maine generally imposes an income tax on all individuals that have Maine-source income. Maine taxes income from various sources, including wages, salaries, tips, interest, dividends, and capital gains. Taxpayers who filed a federal income tax return using a federal individual taxpayer identification number (ITIN) issued by the Maine Revenue Services acknowledges injured spouse claims for a Maine Revenue Services income tax debt only. 8% to 7. Your Tax is: If Line 19 Form 1040ME is: And Your Filing Status is: At Least But Less Worksheet for Form 1040ME, Schedule A, lines 6 and 20 Included Tax Credit Worksheets Worksheets for Tax Credits Claimed on Form 1040ME, Schedule A Included Schedule 1A (PDF) Income Addition Modifications See 1040ME General Instructions Schedule 1S (PDF) Income Subtraction Modifications See 1040ME of Maine, you must pay Maine tax only on income that is derived from Maine sources. Meanwhile, top earners face a rate of 7. Maine imposes an income tax on all entities organized as corporations and that have Maine-source income. 75% and 7. Learn about Maine's income tax rates, forms, credits, and filing options for individuals with Maine-source income. Your Tax is: If Line 19 Form 1040ME is: And Your Filing Status is: At Least But Less Income/Estate Tax. Volume 33, Issue 12 November 2023 . Find out how to save on property taxes, retirement benefits, and estate taxes with Kiplinger's tips and sources. maine. Tax Rate Schedule #1 . Box 9107, Augusta, ME 04332-9107. E-File; Maine Tax Portal*; Refund Status *The Internal Revenue Service (IRS) Direct File program is a new filing option that eligible taxpayers in Maine can use to file their federal individual income taxes online directly with the IRS, for free. In 2025, there are three tax rates: 5. Box 9101, Augusta, ME 04332-9101: Corporate Income Tax (Form 1120ME) Mail to this address if you are enclosing a check for payment: P. Worksheet for Form 1040ME, Schedule A, lines 6 and 20 Included Tax Credit Worksheets Worksheets for Tax Credits Claimed on Form 1040ME, Schedule A Included Schedule 1A (PDF) Income Addition Modifications See 1040ME General Instructions Schedule 1S (PDF) Income Subtraction Modifications See 1040ME 2022 MAINE INCOME TAX TABLE If Line 19 Form 1040ME is: And Your Filing Status is: At Least But Less Than Single or Married-Filing Separately Married Filing Jointly* Head of House-hold *This column must also be used by a surviving spouse with dependent child. O. Individual Income Tax (1040ME) Corporate Income Tax (1120ME) Estate Tax (706ME) Franchise Tax (1120B-ME) Fiduciary Income Tax (1041ME) Insurance Tax; Real Estate Withholding (REW) Worksheets for Tax Credits; Electronic Request Form to request individual income tax forms revenue. 15%. 2024 MAINE INCOME TAX TABLE If Line 19 Form 1040ME is: And Your Filing Status is: At Least But Less Than Single or Married-Filing Separately Married Filing Jointly* Head of House-hold *This column must also be used by a surviving spouse with dependent child. Your browser appears to have cookies disabled. All Maine income is taxed the same – so unlike federal income tax, capital gains and ordinary income are taxed together. Corporate Income Tax (1120ME) Employer Withholding (Wages, pensions, Backup) (941ME and ME UC-1) Pass-through Entity Withholding (941P-ME) and Returns; Insurance Premiums Tax; Tax Forms; Income/Estate Tax Guidance Documents; Business Equipment Tax Exemption (BETE) Tax Relief Credits and Programs Jan 1, 2025 · Maine Income Taxes. Recordings of past webinars are available for viewing on the website. The rates ranged from 0% to 7. Learn about Maine's income tax rates, forms, credits, and filing options for individuals with Maine-source income. Find current and past year information, guidance documents, and FAQs on the official website of Maine Revenue Services. 15% for tax years beginning after 2015. requests to: Maine Revenue Services, Corporate Tax Unit, P. Use the Maine Tax Portal ("MTP") to create and manage your Corporate tax account, file tax returns, and pay Maine estimated corporate income tax at revenue The Maine Tax Portal integrates all the tax types administered by Maine Revenue Services into a single system. Moreover, Maine also has a standard deduction that is $15,000 for single filers, and $30,000 for married filing jointly. Maine Revenue Services processes the Income Tax Withholding Quarterly Return (Form 941ME) as well as the Unemployment Contributions Report (Form ME UC-1). gov. Apr 15, 2025 · Here are the income tax rates, sales tax rates and more things you should know about taxes in Maine in 2024 and 2025. Prior to January 1, 2013, the These guidance documents are intended as advice to persons seeking more information than is available in the filing instructions for tax returns. The Maine standard deduction amount is equal to the federal standard deduction amount. 50 percent to 8. ACH Debit. See full list on tax-rates. 80%, 6. 15 percent. A taxpayer may make payments using this method by authorizing MRS to electronically transfer tax payments from the A Maine income tax return must be fi led by April 16, 2013 if you are a resident of Maine who is required to fi le a federal income tax return or if you are not required to fi le a federal return, but do have income subject to Maine income tax resulting in a Maine income tax liability. Individual Income Tax Return - Resident, Nonresident, or Part-year Resident Updated 2025 State of Maine Individual Income Tax Rates; Updated 2025 Maine Individual Income Tax Withholding Tables; 2024 Maine Tax Practitioner Institute and 2024 Maine Tax Forum; Maine Tax Portal, Free Training Available; Careers and Internships at MRS; October - #2 (PDF) MRS Announces Completion of the State Tax Administration & Revenue income tax return (including all schedules and worksheets) with the Maine income tax return. Maine has a graduated corporate income tax, with rates ranging from 3. You will need the following documentation: Your Federal Individual Income Tax Return (1040) for this tax year; Forms W-2 and 1099 containing Maine income tax withheld; Substantiating documents for certain credits such as the Student Loan Repayment Credit Other Tax Credits Worksheet Worksheet for Form 1040ME, Schedule A, lines 6 and 20: Included: Tax Credit Worksheets: Worksheets for Tax Credits Claimed on Form 1040ME, Schedule A: Included: Minimum Tax Credit Worksheet (PDF) Maine Minimum Tax Credit and Carryforward Worksheet for Form 1040ME, Schedule A, line 16: Included The 2024 tax rates and thresholds for both the Maine State Tax Tables and Federal Tax Tables are comprehensively integrated into the Maine Tax Calculator for 2024. Individual Income Tax (1040ME) Corporate Income Tax (1120ME) Estate Tax (706ME) Franchise Tax (1120B-ME) Fiduciary Income Tax (1041ME) Insurance Tax; Real Estate Withholding (REW) Worksheets for Tax Credits; Electronic Request Form to request individual income tax forms Jan 8, 2020 · Maine Revenue Services acknowledges injured spouse claims for a Maine Revenue Services income tax debt only. Maine Tax Alert - May 2025 (PDF) Initiator of Deposit Repeal Notice (PDF) Maine Individual Income Tax Identity Verification Request Notice; Important Information About the Maine Tax Portal NEW; MRS Warns Employers of Tax Phishing Schemes (PDF) Lease and Rental Notice (PDF) Individual Income Tax. The income tax rates are graduated, with rates ranging from 5. Do not use these tax rate schedules to determine income tax withholding from wages. mrs@maine. You do not have to fi le a Maine income tax return if you For tax years beginning on or after January 1, 2022, the Maine EIC is equal to 25% (50% for taxpayers with no qualifying children) of the federal earned income tax credit. Here you can find how your Maine based income is taxed at different rates within the given tax brackets. It will enable online filing for all tax types administered and significantly expand the online functions that facilitate the taxpayer’s and practitioner’s ability to conduct business electronically with Maine Revenue Services. This includes income from work performed in Maine and income derived from sole proprietorships, partnerships , and S corporations, capital gains from real or tangible property sold in Maine, and income from rental of Maine propertyMaine. Maine generally imposes an income tax on all individuals that have Maine-source income. Even if you are required to file a federal income tax return, you do not have to file a Maine income tax return if you have no income addition modifications (Form 1040ME, Schedule 1A, line 12) and your Income/Estate Tax. Maine State Income Tax – How much will the income after tax in Maine with Filing Status These are forms due in 2021 for income earned in 2020. The tax rate generally varies from 5. 15% for financial years after 2015. Modifications Related to Bonus Depreciation & Section 179 Expensing (PDF) Determining Residency Status (PDF) Residency Safe Harbors for Residents Spending Jan 17, 2024 · Does Maine Have State Income Tax? Yes, Maine has a state income tax and also a rule wherein all individuals who are working and earn state income have to pay state income tax. Other Tax Credits Worksheet Worksheet for Form 1040ME, Schedule A, lines 6 and 20: Included: Tax Credit Worksheets: Worksheets for Tax Credits Claimed on Form 1040ME, Schedule A: Included: Minimum Tax Credit Worksheet (PDF) Maine Minimum Tax Credit and Carryforward Worksheet for Form 1040ME, Schedule A, line 17: Included Nov 27, 2024 · Maine income tax Maine’s income taxes are progressive, meaning the amount you pay is relative to how much you earn. gov Feb 3, 2025 · Nonresidents must file a Maine return if their Maine-sourced income exceeds the minimum filing threshold, which is $2,000 for 2024. Your Tax is: If Line 19 Form 1040ME is: And Your Filing Status is: At Least But Less The Maine corporate income tax return (Form 1120ME) is due on the same date as your federal corporate income tax return (the fifteenth day of the fourth month after the end of the tax year), without regard to an extension of time to file. May 21, 2025 · Like the federal income tax, the Maine income tax is progressive, meaning the rate of taxation increases as taxable income increases. This tool is freely available and is designed to help you accurately estimate your 2025 tax return . Income/Estate Tax. indd Author: Mathieu, Hannah Created Date: 1/27/2025 1:53:48 PM Maine Income Tax Calculator Estimate your Maine income tax burden Updated for 2024 tax year on Dec 19, 2024 You can quickly estimate your Maine State Tax and Federal Tax by selecting the tax year, your filing status, Gross Income and Gross Expenses, this is a great way to compare salaries in Maine and for quickly estimating your tax commitments in 2025. For Single Individuals and Married Persons Filing Separate Returns . 80%. You must use tax software that has been approved by Maine Revenue Services. If the taxable income is: The tax is: Less than $22,450 5. Withholding filers are encouraged to register for the Maine Tax Portal by January 31, 2023 (prior to filing their fourth quarter return). 50 percent state sales tax rate and does not have local sales taxes. wtedp clpfyhx zgkvin dlq jnz olcskz ovashe cndax uecxryz ssemy