 |
Maine State Tax Help and Forms (Subscribe)
Tweet
Maine tax help, forms and answers to thousands of Maine tax questions. Handy summary of all Maine taxes, including corporate and individual Maine income taxes, credits, exemptions, deductions and more. Includes Maine estate, gift and inheritance tax, miscellaneous Maine taxes, pass-through entity treatment, payroll taxes, property taxes and Maine sales & use taxes.
Maine ranks #34 on the State Business Tax Climate Index (TaxFoundation.org).|
Corporate Taxes
Rates & Brackets: 3.5%> $0 7.93%> $25,000 8.33%> $75,000 8.93%> $250,000 Loss Carry-back/fwd: 0 Years Back / 20 Years Forward (Unlimited) Throwback Sales?: Y Foreign Tax Deductible?: Y Alternative Minimum Tax (AMT): Y Gross Receipts Tax: N Capital Stock (Net Worth) Tax?: N Credits and Incentives Job Credits?: Y R&D Credits?: Y Investment Credits?: Y Individual Taxes Rates & Brackets: 6.5%> $0 6.85%> $250,000 Local Option IT Rate: None Federal Inc used as Base?: Y Standard Deductions: Single $5,450 / Joint $9,100 Personal Exemptions/Credits (c): Single $2,850 / Joint $5,700 / Dependent $2,850 Federal Tax Deductible?: N State Tax Deductible?: Y Alternative Minimum Tax (AMT)?: Y Inheritance, Gift, Estate, Death Taxes Gift Tax?: N Estate Tax?: Decoupled Inheritance Tax?: N Generation-Skipping Tax?: N Miscellaneous Taxes Gas Tax: 29.9 cents/gallon Diesel Tax: 30.3 cents/gallon Cigarette Tax: 200 cents/20 pack Pass-through Entities LLC Pass-through Recognized?: Y S-Corp Pass-through Recognized?: Y Payroll Taxes Unemployment Insurance Tax Index (TaxFoundation.org): #40 Property Taxes Median Tax Paid on Homes (Rank): $1,897 (#20) Median Value of Homes: $180,200 Tax as % of Home Value (Rank): 1.05% (#18) Median Income of Homeowner: $57,118 Tax as % of Income (Rank): 3.32% (#17) Sales and Use Taxes State Rate: 5.0% County & City (Weighted Ave): None Combined State and Ave. Local Rates (Rank): 5.00% (#43) General Treatment of Services: Exempt Gas Exemption: Exempt Grocery Exemption: Exempt |
| |
Categories
Related Categories
- Taxes/State and Local Taxes/State Tax Tools/State Tax FAQs/Maine State Tax Questions and Answers
- Taxes/State and Local Taxes/Multistate State Tax Help and Forms
Links
MRS Title 36 in HTML, Word/RTF and PDF formats.
http://janus.state.me.us/legis/statutes/36/title36ch0sec0.html
The 121st Legislature and Governor Baldacci have enacted the 2003 Tax Amnesty Program open to most taxpayers who owe Maine taxes. If you owe Maine taxes and pay all of the tax plus one-half of the interest due, the remaining interest and all of the penalties will be waived. Although the Maine Amnesty Program will run September 1, 2003 through November 30, 2003, you may apply for a Pre-Amnesty Settlement from July 1, 2003 through August 31, 2003.
http://www.maine.gov/tools/whatsnew/index.php?topic=Gov+News&id=649&v=Article
Maine's 1040 Telefile system has been discontinued. Individual taxpayers may use E-File (commercial software) or I-File (free, interactive, web-based filing). Note that I-File is available for property, payroll and sales taxes.
Extended Tax Amnesty was a two-month opportunity to resolve overdue tax obligations with DOR without incurring any penalty charges. Extended Tax Amnesty ran from January 1, 2003 until February 28, 2003. The Department is now utilizing improved technological resources to identify those taxpayers with delinquent tax obligations. This link takes you to a cached page with information on the program which is no longer available to the general public.
http://216.239.33.100/search?q=cache:www.dor.state.ma.us/Amnesty/welcome.asp
