Prepared by Maine Revenue Services, Income/Estate Tax Division September 15, 2023 State of Maine - Individual Income Tax 2024 Rates

Note: For tax years beginning in 2024, an inflation adjustment is made by multiplying the cost-of-living adjustment, 1.238, by the lowest dollar amounts of the tax rate tables specified in 36 M.R.S. § 5111, sub-§§ 1-F, 2-F and 3-F and by multiplying the cost-of-living adjustment, 1.233, by the highest dollar amounts of the tax rate tables specified in 36 M.R.S. § 5111, sub-§§ 1-F, 2-F and 3-F. The Maine personal exemption amount is adjusted by multiplying the cost-of-living adjustment, 1.215, by the dollar amount of the personal exemption specified in 36 M.R.S. § 5126-A, sub-§ 1, for the taxpayer and taxpayer’s spouse, if married. See 36 M.R.S. § 5403. The Maine standard deduction amount is equal to the federal standard deduction amount.

Do not use these tax rate schedules to determine income tax withholding from wages.

Tax Rate Schedule #1 For Single Individuals and Married Persons Filing Separate Returns If the taxable income is: The tax is: Less than $26,050 5.8% of Maine taxable income $26,050 but less than $61,600 $1,511 plus 6.75% of excess over $26,050 $61,600 or more $3,911 plus 7.15% of excess over $61,600

Tax Rate Schedule #2 For Unmarried or Legally Separated Individuals who Qualify as Heads of Household

Tax Rate Schedule #3 For Married Individuals and Surviving Spouses Filing Joint Returns If the taxable income is: The tax is: Less than $52,100 5.8% of Maine taxable income $52,100 but less than $123,250 $3,022 plus 6.75% of excess over $52,100 $123,250 or more $7,825 plus 7.15% of excess over $123,250

Personal Exemption: $5,000 – applicable to the taxpayer (and spouse if married filing jointly)

Standard Deduction: Single - $14,600 Married Filing Jointly - $29,200

Head of Household - $21,900 Married Filing Separately - $14,600

Additional Amount for Age or Blindness: $1,550 if married (whether filing jointly or separately) or a qualified surviving spouse. The additional amount is $3,100 if one spouse is 65 or over and blind, $3,100* if both spouses are 65 or over, $6,200* if both spouses are 65 or over and blind, etc. *If married filing separately, these amounts apply only if you can claim an exemption for your spouse.

$1,950 if unmarried (single or head of household). The additional amount is $3,900 if the individual is both 65 or over and blind. If the taxable income is: The tax is: Less than $39,050 5.8% of Maine taxable income $39,050 but less than $92,450 $2,265 plus 6.75% of excess over $39,050 $92,450 or more $5,870 plus 7.15% of excess over $92,450