WebSummary. If you make $55,000 a year living in the region of Maine, USA, you will be taxed $11,888. That means that your net pay will be $43,113 per year, or $3,593 per month. Your average tax rate is 21.6% and your marginal tax rate is 36.4%. This marginal tax rate means that your immediate additional income will be taxed at this rate. WebThe amount of the credit allowed by this section must be reduced, but not below zero, by $7.50 for each $1,000 or fraction thereof by which the taxpayer's Maine adjusted gross income exceeds $400,000 in the case of a joint return and $200,000 in any other case. [PL 2024, c. 474, Pt. B, §17 (NEW).]
MAINE TAX ALERT
WebThe Maine adjusted gross income of a nonresident individual derived from or connected with sources in this State is the sum of the following amounts: A. The net amount of … WebMaine-source income for purposes of Schedule NR or Schedule NRH. Note that generally income from intangible sources, such as interest, dividends, annuities, pensions, and … ttab change of correspondence address
Credit for Income Tax Paid to Other Jurisdiction Worksheet for
Webin calculating Maine taxable income to the extent the payment is included in federal adjusted gross income. Maine seed capital investment tax credit program. 10 M.R.S. § 1100-T(2)(C). The Seed Capital Tax Credit Program is changed to clarify that the aggregate investment eligible for tax credits made with respect to WebFor those fi ling Schedule NR, multiply line 5 by the Maine-source income ratio (1.0000 minus Schedule NR, line 7). For those fi ling Schedule NRH, multiply line 5 by the rate representing your portion of Maine adjusted gross income (Schedule NRH, line 7, column B). Then multiply the result by the Maine-source income ratio of your Webfor Maine tax purposes and required to be added-back under 36 M.R.S. § 5122(1)(NN) may be recaptured, up to 25% per taxable year, to the extent that Maine taxable income is … ttab answer to notice of opposition