The Earned Income Tax Credit helped 95,110 Maine tax filers claim $197,207 in EITCs in 2019. For 2023, each eligible worker aged 25-64 without kids could receive as much as $600, and workers with ...

The Earned Income Tax Credit helped 95,110 Maine tax filers claim $197,207 in EITCs in 2019. For 2023, each eligible worker aged 25-64 without kids could receive as much as $600, and workers with ...

This new funding comes from increasing the real estate transfer tax on the portion of sales over $1 million, while removing ...

The Child Tax Credit helped 63,440 tax filers in Maine claim $108,378 in Child Tax Credit refunds in 2019. Households eligible in 2023 could receive up to $2,000 for each child under 17 years old.

Developers and advocates for the historic preservation tax program are also pushing the U.S. Senate to include enhanced tax credit provisions in the under-negotiation COVID-19 relief package.

A bill to close a loophole in the Maine New Markets Capital Investment program gets sent back to committee by the Senate.

On February 12, 2021, Maine Revenue Services (MRS) issued a tax alert with additional tax guidance for taxpayers impacted by the COVID-19 pandemic.

The lack of financial expertise within the state Legislature makes it vulnerable to outside investors orchestrating deals that would allow them to reap millions in tax credits for investments that ...

AUGUSTA — It’s been more than five years since Maine created tax credits for college graduates who remain in the state to work, but only a fraction of graduates take advantage of the program ...

Some Republicans are eyeing an extension of a key policy of the Affordable Care Act that is set to expire this year.