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Maine Free Printable 18_sch1 other inc mod adds wksht.indd for 2019 Maine Income Modifications - Other Additions

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Income Modifications - Other Additions
18_sch1 other inc mod adds wksht.indd

Worksheet for Form 1040ME, Schedule 1, Line 1g Income Modifications - Other Additions 99 *1802213* Use this worksheet to list Other Addition Income Modifications that are taxable by Maine but not by the federal government that must be included on Form 1040ME, Schedule 1, line 1g. Include only items listed below. Include the taxpayer’s distributive share of each item from partnerships, S corporations and other pass-through entities. See page 2 for a description of each item listed below. Name(s) as shown on Form 1040ME 1. 2. 3. 4. Your Social Security Number Enter the amount of loss, deductions and other expenses of a financial institution subject to Maine franchise tax that are included in your federal adjusted gross income due to an ownership share in the financial institution that is a partnership, S corporation or entity disregarded as separate from its owner..................................1. .00 Enter the amount claimed as a deduction in determining federal adjusted gross income that is used to calculate the Maine fishery infrastructure investment credit under 36 M.R.S. § 5216-D........................................................................................2. .00 Enter the amount claimed as a deduction in determining federal adjusted gross income that is used to calculate the wellness programs credit under 36 M.R.S. § 5219-FF ...........................................................................................................3. .00 Total Other additions (Add lines 1 through 3 and enter on Form 1040ME, Schedule 1, line 1g) ............................................................................................................4. .00 1 Revised December, 2018 Worksheet for Form 1040ME, Schedule 1, Line 1g Income Modifications - Other Additions Income and deductions are generally treated the same for Maine tax purposes as treated for federal tax purposes. However, certain federal and state laws may require different tax treatment of these items. These differences require adjustments, or modifications, to federal income to calculate Maine taxable income. See Form 1040ME, Schedule 1. Addition modifications are required for items of income that are not included in federal income but are subject to Maine individual income tax or to reverse a federal deduction not allowed for Maine tax purposes. See Form 1040ME, Schedule 1, lines 1a through 1h. The least common adjustments included on Form 1040ME, Schedule 1, line 1g are listed on this worksheet. See descriptions below for each item. Line 1. Adjustment for loss, deductions and other expenses of a pass-through entity financial institution subject to Maine franchise tax. Under Maine law, financial institutions are subject to the Maine franchise tax, regardless of how the institution is organized. This includes a financial institution organized as a pass-through entity, such as a partnership or limited liability company. Maine law provides that the income from an ownership share in a passthrough entity financial institution is not taxable income on the owner’s Maine income tax return. In like manner, any loss, deduction or expense of a pass-through entity financial institution reflected in an owner’s federal income is not permitted in calculating the Maine taxable income of the owner. (36 M.R.S. § 5122(1)(K)). Enter on this line any loss, deduction and expense included in the calculation of your federal adjusted gross income that is associated with an ownership share in a pass-through entity financial institution subject to the Maine franchise tax. Line 2. Maine fishery infrastructure investment adjustment. Maine taxpayers who claim the Maine fishery infrastructure investment tax credit under 36 M.R.S. 5216-D who also deducted an amount included in the base for the credit on their federal tax return must increase Maine taxable income by the amount federal income was reduced. 36 M.R.S. §§ 5122(1)(GG) and 5216-D). Enter on this line the amount of any expense or deduction, including itemized deductions, claimed for federal income tax purposes that is used to calculate the Maine fishery investment tax credit claimed for the taxable year. Line 3. Wellness programs tax credit adjustment. Maine taxpayers who claim the Maine credit for wellness programs under 36 M.R.S. § 5219-FF and deducted related expenses on their federal tax return must increase Maine taxable income by the amount federal income was reduced. Applies to tax years beginning on or after January 1, 2014. (36 M.R.S. § 5122(1)(EE)). Enter on this line the amount of any deduction (such as depreciation and expenses) claimed for federal income tax purposes that is used to calculate the wellness programs tax credit claimed for the taxable year. 2
Extracted from PDF file 2018-maine-schedule-1-wkst.pdf, last modified November 2018

More about the Maine Schedule 1-Wkst Individual Income Tax TY 2018

Use this worksheet to list Other Addition Income Modifications that are taxable by Maine but not by the federal government that must be included on Form 1040ME, Schedule 1, line 1h. Include only items listed below.

We last updated the Income Modifications - Other Additions in January 2019, so this is the latest version of Schedule 1-Wkst, fully updated for tax year 2018. You can download or print current or past-year PDFs of Schedule 1-Wkst directly from TaxFormFinder. You can print other Maine tax forms here.

Related Maine Individual Income Tax Forms:

TaxFormFinder has an additional 61 Maine income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Maine Schedule 1-Wkst.

Form Code Form Name
Schedule 1 Income Modifications / Pension Income Deduction Worksheet
Schedule 1-Wkst-Line 2k Income Modifications - Other Subtractions

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 Schedule 1-Wkst from the Revenue Services in January 2019.

Show Sources >

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 Schedule 1-Wkst

We have a total of four past-year versions of Schedule 1-Wkst in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Schedule 1-Wkst

18_sch1 other inc mod adds wksht.indd

2017 Schedule 1-Wkst

17_sch1 other inc mod adds wksht.indd

2016 Schedule 1-Wkst

16_sch1 other inc mod adds wksht.indd

Schedule 1, Line 1h 2015 Schedule 1-Wkst

15_sch1 other inc mod adds wksht.indd


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