For a complete list of all income tax credits, see Form 1040ME, Schedule A (Form 1040ME), Form 1120ME, and Schedule C (Form 1120ME).
The Maine EIC is available to Maine individual income tax taxpayers who properly claim the federal earned income tax credit on federal Form 1040 or Form 1040-SR or who are otherwise eligible to claim the federal credit except that they filed a federal individual income tax return using an IRS-issued Individual Taxpayer Identification Number (ITIN), or had no qualifying child(ren) during the tax year, and were at least age 18 as of the last day of the tax year.
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Educational Opportunity Tax Credit for Individuals & Employers - For tax years beginning before January 1, 2022. (Also see the Student Loan Repayment Tax Credit information below.)
Individual income tax credit which provides a partial refund of property tax and/or rent paid during the tax year to eligible Maine residents and part-year residents.
The Maine Sales Tax Fairness Credit is a refundable income tax credit for eligible Maine residents.
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New Markets Capital Investment Program (offsite)
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Student Loan Repayment Tax Credit (SLRTC) - For tax years beginning on or after January 1, 2022. (Also see the Educational Opportunity Tax Credit information above.)
Taxpayer Programs
A qualified business may receive a refund of up to 80% of the benefit base for up to 10 years. The benefit base is generally equal to 4.5% of gross wages paid to qualified employees above the base level of employment under a certified ETIF program.