Maine Minimum Tax Credit Worksheet
Extracted from PDF file 2018-maine-form-1040me-schedule-a-line-16.pdf, last modified October 2018
Minimum Tax Credit Worksheet2018 MAINE MINIMUM TAX CREDIT AND CARRYFORWARD TO 2019 Worksheet for Form 1041ME, Schedule A, Line 11 99 *1409102* Name of Estate/Trust (as shown on Form 1041ME) Estate/Trust EIN 1. Minimum tax credit carryforward from 2017 (2017 Maine Minimum Tax Credit Worksheet, line 4) ............................... 1 ________________ .00 2. Enter 2018 Maine income tax liability (2018 Form 1041ME, line 6 excluding minimum tax credit)................................ 2 ________________ .00 3. Maine minimum tax credit: Enter the lesser of line 1 or line 2 here and on Form 1041ME, Schedule A, line 11 ........ 3 ________________ .00 4. Maine minimum tax credit carryforward to 2019 (Subtract line 3 from line 1)........................................................... 4 ________________ NOTE: If you have a Maine minimum tax credit carryforward to 2019, keep a copy of the worksheet to submit with your 2019 Maine estate or trust income tax return. .00
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More about the Maine Form 1040ME, Schedule A, Line 16 Individual Income Tax Tax Credit
We last updated the Minimum Tax Credit Worksheet in March 2019, and the latest form we have available is for tax year 2018. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Maine Revenue Services. You can print other Maine tax forms here.
Other Maine Individual Income Tax Forms:
|Form Code||Form Name|
|Schedule PTFC||Schedule PTFC property tax fairness credit|
|Schedule NR||Apportionment for nonresidents and part-year residents|
|Form 1040EXT-ME||Extension Payment Voucher|
|Schedule A||Adjustments to tax|
|Schedule CP||Voluntary contributions and park pass purchases|
Maine usually releases forms for the current tax year between January and April. We last updated Maine Form 1040ME, Schedule A, Line 16 from the Revenue Services in March 2019.
Form 1040ME, Schedule A, Line 16 is a Maine Individual Income Tax 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.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Maine Form 1040ME, Schedule A, Line 16
We have a total of four past-year versions of Form 1040ME, Schedule A, Line 16 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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While we do our best to keep our list of Maine Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.