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Understanding Personal Income Tax in Maine

Filed under State Taxes. Fact checked on February 12, 2012.

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Maine personal income tax is discussed.

If you are a resident or nonresident of Maine and receive taxable income individually from property owned or business transacted in Maine, you are subject to tax on net income. Therefore, if you are operating your business as an S corporation, partnership, limited liability company, or sole proprietorship, you will be subject to a personal income tax on your business income that passes through to you.

The income tax rates range from 2 percent to 8.5 percent of taxable income in 2012, and from 0 percent to 7.95 percent of taxable income in 2013. The following marginal tax rates and brackets apply for the 2012 tax year:

Single Married Filing Separately
Taxable Income Amount of Tax
$0 to less than $5,100 2% of taxable income
$5,100 to less than $10,150 $102, plus 4.5% of the excess over $5,100
$10,150 to less than $20,350 $329, plus 7% of the excess over $10,150
$20,350 and over $1,043, plus 8.5% of the excess over $20,350

Married Filing Jointly, Surviving Spouse
Taxable Income Amount of Tax
$0 to less than $10,200 2% of taxable income
$10,200 to less than $20,350 $204, plus 4.5% of the excess ove $10,200
$20,350 to $40,700 $661, plus 7% of the excessover $20,350
$40,700 and over $2,086, plus 8.5% of the excess over $40,700

Head of Households
Taxable Income Amount of Tax
$0 to less than $7,650 2% of taxable income
$7,650 to less than $15,200 $153, plus 4.5% of the excess over $7,650
$15,200 to less than $30,500 $493, plus 7% of the excess over $15,200
$30,500 and over $1,564, plus 8.5% of the excess over $30,500

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