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Maine Free Printable 15_EmpAsstDayCareCr.indd for 2019 Maine Employer-Assisted Day Care Credit

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Employer-Assisted Day Care Credit
15_EmpAsstDayCareCr.indd

EMPLOYER-ASSISTED DAY CARE TAX CREDIT WORKSHEET FOR TAX YEAR 2015 36 M.R.S. § 5217 TAXPAYER NAME: _____________________________________ EIN/SSN: ________________ Note: Owners of pass-through entities (such as partnerships, LLCs, S corporations, and trusts) making an eligible investment, see instructions. Enter name and ID number of the entity on the lines below. NAME OF PASS-THROUGH ENTITY ________________________________________________________________ EIN/SSN ____________________________ 1. Number of employees’ children enrolled full-time (or number of full-time equivalents) in day care services provided/paid for by the employer in 2015 (see instructions)............1. ____________________ 2. Line 1 x $100 .....................................................................................................................2. ____________________ 3. Actual costs incurred in providing day care services for children of employees for the taxable year ..........................................................................................3. ____________________ 4. Line 3 x 20% (0.20) ............................................................................................................4. ____________________ 5. Enter the lowest of line 2, line 4 or $5,000 .........................................................................5. ____________________ 6. Do any of the day care services provided in 2015 qualify as quality child care services? (see instructions) .................................................................................................  Yes  No If yes, enter the certificate number(s) of the quality child care certificate(s) issued to the facility by the Department of Health and Human Services, Office of Child Care and Head Start. ________________________ Enter credit amount from line 5 that relates to amounts paid for quality child care services ..............................................................................................................................6. ____________________ 7. Line 6 x 2 ...........................................................................................................................7. ____________________ 8. Line 5 minus line 6 (not less than zero) .............................................................................8. ____________________ 9. Current year credit claimed (line 7 plus line 8)...................................................................9. ____________________ 10. Credit carried forward/back from other tax years (see instructions) ................................10. ____________________ 11. Total credit available this year (line 9 plus line 10). Corporate taxpayers, enter this amount on Form 1120ME, Schedule C, line 29c. Individuals, enter this amount on Form 1040ME, Schedule A, line 20. Trusts and estates, enter this amount on Form 1041ME, Schedule A, line 16 ...........................................................................................11. ____________________ The credit may not exceed the amount of regular income tax otherwise due. The credit cannot be applied against the corporate alternative minimum tax. Any unused credit may be carried forward to the following year or years for a period not to exceed 15 years or it may be carried back for a period not to exceed three years. Rev. 08/15 2015 EMPLOYER-ASSISTED DAY CARE TAX CREDIT WORKSHEET INSTRUCTIONS This credit is available to employers who provide or pay for day care services for their employees. For purposes of this credit, employer means any entity that employs one or more individuals performing services for it within this state. For a complete definition of employer, see 26 M.R.S. § 1043. The day care services may be provided in-house by the employer at a nonprofit facility licensed by the Department of Health and Human Services (“DHHS”) or may be in the form of payment or vouchers for off-site day care services provided by others at a facility licensed by or registered with DHHS. The allowable credit is equal to the lowest of: 1) $5,000; 2) 20% of the actual costs incurred in providing day care for children of employees by the employer; or 3) $100 for each child of an employee enrolled on a full-time basis (or for each full-time equivalent) for the entire taxable year (or on the last day of the taxable year for the first year that services are provided) in a day care program provided by the employer. The allowable credit doubles if the day care services provided qualify as quality child care. Quality child care facilities are certified by DHHS, Office of Child Care and Head Start. A quality child care provider is one that meets minimum licensing standards and is accredited by an independent, nationally recognized program approved by DHHS, Office of Child Care and Head Start; utilizes recognized quality indicators for child care services approved by DHHS, Office of Child Care and Head Start; and includes provisions for parent and client input, a review of the provider’s policies and procedures, a review of the provider’s program records and an on-site program review. For an application to become a certified facility or for a list of existing quality child care facilities, go to: www.maine.gov/dhhs/ocfs/ec/occhs/ or call DHHS at (207) 287-9300. The credit is limited to the income tax otherwise due, but any excess can be carried back three years or carried forward 15 years. In the case of pass-through entities (such as partnerships, LLCs, S corporations and trusts), the partners, members, shareholders, beneficiaries or other owners are allowed a credit in proportion to their respective interest in these entities. SPECIFIC LINE INSTRUCTIONS Please enter the taxpayer name and social security number (“SSN”) or employer identification number (“EIN”). Line 1. Enter the total number of employees’ children that were enrolled full-time (or the number of full-time equivalents) for the entire taxable year in day care services provided by the employer. For example, two children enrolled in day care services, each on a half-time basis, would count as one full-time equivalent. If this is the first year that services are provided, enter the total number of employees’ children that were enrolled full-time (or the number of full-time equivalents) on the last day of the taxable year. Line 3. Enter actual costs incurred in providing day care services to employees’ children for the taxable year. Line 6. The amount of the credit doubles for child care services that are quality child care services. Child care facilities providing quality child care services are certified by the Maine DHHS, Office of Child Care and Head Start. Certificates are renewed every three years. Any expenses incurred after the effective date of the certificate and before the certificate expires are quality child care expenses. Effective dates can be obtained from your day care provider or from the web page listed above. If you enter an amount paid for quality child care services on line 6, you must enter the certificate number(s) of the quality child care facility or facilities in the space provided. You may obtain the certificate number from your child care provider. The amount on line 6 will be reduced to zero if the certificate number is not provided. Line 10. The credit is limited to the tax liability of the taxpayer, excluding minimum tax. Any unused portion may be carried back three years or carried forward 15 years. Enter any credit claimed but unused from the past 15 years or carryback amounts from other years on this line.
Extracted from PDF file 2018-maine-employer-day-care-credit.pdf, last modified August 2015

More about the Maine Employer Day Care Credit Other Tax Credit TY 2018

OBSOLETE AFTER 2015

We last updated the Employer-Assisted Day Care Credit in March 2019, so this is the latest version of Employer Day Care Credit, fully updated for tax year 2018. You can download or print current or past-year PDFs of Employer Day Care Credit directly from TaxFormFinder. You can print other Maine tax forms here.

Other Maine Other Forms:

TaxFormFinder has an additional 61 Maine income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Other Jurisdictions Tax Credit Credit for Tax Paid To Other Jurisdictions
Historic Properties Credit Credit for Rehabilitation of Historic Properties
Seed Capital Credit Seed Capital Investment Tax Credit
Adult Dependent Care Credit Adult Dependent Care Credit Worksheet
Capital Investment Credit Maine Capital Investment Credit

Download all ME tax forms View all 62 Maine Income Tax Forms


Form Sources:

Maine usually releases forms for the current tax year between January and April. We last updated Maine Employer Day Care Credit from the Revenue Services in March 2019.

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Employer Day Care Credit is a Maine Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

Historical Past-Year Versions of Maine Employer Day Care Credit

We have a total of four past-year versions of Employer Day Care Credit in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Employer Day Care Credit

15_EmpAsstDayCareCr.indd

2017 Employer Day Care Credit

15_EmpAsstDayCareCr.indd

2016 Employer Day Care Credit

15_EmpAsstDayCareCr.indd

Employer-Assisted Day Care Credit 2015 Employer Day Care Credit

15_EmpAsstDayCareCr.indd


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