Maine Tax FAQs

• taxmOuth Maine Tax FAQs

Maine Tax Forms

• taxmOuth Maine Tax Forms

Maine Corporate Taxes

• taxmOuth Maine Corporate Taxes
• Maine Tax 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

Maine Tax Incentives and Credits

• taxmOuth Maine Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: Y

Maine Individual Income Taxes

• taxmOuth Maine Individual Income Taxes
• Maine tax rates and 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

Maine Estate, Gift and Inheritance Taxes

• taxmOuth Maine Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Decoupled
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Maine Miscellaneous Taxes

• taxmOuth Maine Miscellaneous Taxes
• Gas Tax: 29.9 cents/gallon
• Diesel Tax: 30.3 cents/gallon
• Cigarette Tax: 200.0 cents/20 pack

Maine Pass-through Tax Treatment

• taxmOuth Maine Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

Maine Payroll Taxes

• taxmOuth Maine Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #40

Maine Property Taxes

• taxmOuth Maine 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)

Maine Sales and Use Taxes

• taxmOuth Maine 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
• Gasoline: Exempt
• Groceries: Exempt