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Maine Free Printable 2023 Schedule PTFC/STFC (Form 1040ME) for 2024 Maine Schedule PTFC Property Tax Fairness Credit

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Schedule PTFC Property Tax Fairness Credit
2023 Schedule PTFC/STFC (Form 1040ME)

Clear Form Print Form Property Tax Fairness Credit Sales Tax Fairness Credit SCHEDULE PTFC/STFC Form 1040ME 2023 Attachment Sequence No. 3 For MAINE RESIDENTS and PART-YEAR RESIDENTS ONLY. See instructions. Enclose with Form 1040ME. For more information, visit www.maine.gov/revenue/tax-return-forms. Your Social Security Number Name(s) as shown on Form 1040ME Enter your date of birth MM DD 99 *2302205* If married, enter your spouse’s date of birth YYYY MM DD YYYY Physical location of property where you lived during 2023 (if different from your mailing address): TOTAL INCOME - Complete line 1 or line 2 below, but not both. Complete line 1 if you do not file federal Form 1040 or Form 1040-SR. Complete line 2 if you do file federal Form 1040 or Form 1040-SR. Then go to line 3. DO NOT ENTER $ signs, commas, or decimals. IF YOU DO NOT FILE FEDERAL FORM 1040 OR FORM 1040-SR, ENTER: 1. (a) Social security benefits and railroad retirement benefits. (See instructions.).................................... 1a. .00 (b) Interest and dividends. (See instructions.)......................................................................................... 1b. .00 (c) Pensions, annuities and IRA distributions. (See instructions.)........................................................... 1c. .00 (d) Wages, salaries, tips, etc. (See instructions.).................................................................................... 1d. .00 (e) Other income. (See instructions.)...................................................................................................... 1e. .00 2. (a) Federal total income. (From federal Form 1040, line 9 or Form 1040-SR, line 9.) (If filing Schedule NRH - see instructions.)........................................................................................ 2a. .00 (b) Social security benefits not included on line 2a above. (Federal Form 1040, line 6a minus line 6b or Form 1040-SR, line 6a minus line 6b) and railroad retirement benefits not included on line 2a above. (See instructions.).................................................................................................. 2b. .00 (c) Interest not included on line 2a above. (If filing Schedule NRH - see instructions.).......................... 2c. (d) Loss add-backs. (See instructions.)................................................................................................... 2d. .00 3. Total Income. Add lines 1a through 1e OR lines 2a through 2d above.................................................... 3. Note: See instructions for the maximum income limitations. .00 .00 .00 Yes No OR, IF YOU DO FILE FEDERAL FORM 1040 OR FORM 1040-SR, ENTER: PROPERTY TAX FAIRNESS CREDIT (lines 4 through 15): 4. Enter the property tax you paid on your home in 2023. (See instructions.).............................................. 4. If you paid no property tax in 2023, skip to line 5a. 5. (a) Enter the rent you paid on your home in 2023. (See instructions.).................................................... 5a. If you paid no rent in 2023, skip to line 6. (b) Does the rent entered on line 5a include heat, utilities, furniture, or similar items?........................... 5b. .00 (c) If line 5b is yes and you know the amount paid for heat, utilities, furniture, or similar items, enter that amount on line 5c. If yes, and you do not know the amount paid, multiply line 5a by 15% (.15) and enter the result on line 5c. If line 5b is no, enter “0” on line 5c..... 5c. (d) Line 5a minus line 5c......................................................................................................................... 5d. .00 (e) Multiply line 5d by 15% (.15).............................................................................................................. 5e. .00 .00 (f) Landlord’s name and telephone number: 6. Add lines 4 and 5e.................................................................................................................................... 6. .00 Continue on Schedule PTFC/STFC Form 1040ME, page 2 1 2023 Form 1040ME, Schedule PTFC/STFC, page 2 *2302206* 00 DO NOT ENTER $ signs, commas, or decimals. 7. Enter the amount shown in the table below for your filing status and the number of qualifying children and dependents on Form 1040ME, line 13a:............................................................................................ 7. .00 8. Benefit base. Enter the smaller of line 6 or line 7...................................................................................... 8. .00 9. Multiply line 3 by 4% (.04)......................................................................................................................... 9. (a) Is the amount on line 8 more than the amount on line 9? If yes, go to line 10 below. If no, you do not qualify for the property tax fairness credit. Go to line 16 below to apply for the sales tax fairness credit.... 9a. .00 Yes No 10. Subtract line 9 from line 8......................................................................................................................... 10. .00 11. Were you or your spouse (if married filing jointly) at least 65 years of age during the tax year?.............. 11. Yes No (a) If yes, enter $1,500. If no, enter $1,000............................................................................................. 11a. .00 12. Enter line 10 or line 11a, whichever is smaller.......................................................................................... 12. .00 13. Are you or your spouse (if married filing jointly) rated 100% permanently and totally disabled by the United States Department of Veterans Affairs?......................................................................................... 13. Yes No (a) If yes, enter the amount from line 12. Enclose a copy of your VA Rating Decision Letter or your VA Benefit Summary Letter. If no, enter $0............................................................................ 13a. .00 14. Add lines 12 and 13a................................................................................................................................ 14. .00 15. Enter line 14 or line 6, whichever is smaller, here and on Form 1040ME, line 25d................................. 15. .00 16. See the table on page 18 for your filing status. Enter the amount shown for your total income from line 3 and the number of qualifying children and dependents. If you are filing Schedule NR or Schedule NRH, go to line 16a. Otherwise, enter this amount on Form 1040ME, line 25e.............................16. .00 (a) PART-YEAR RESIDENTS FILING SCHEDULE NR OR SCHEDULE NRH - You must prorate the sales tax fairness credit. Schedule NR: Multiply line 16 by the Maine-source income ratio (1.0000 minus Schedule NR, line 7). Schedule NRH: Multiply line 16 by the Maine-source income ratio of your income (1.0000 minus Schedule NRH, line 7, column C). Enter the result here and on Form 1040ME, line 25e....................................................................... 16a. .00 If your Filing Status is:  Form 1040ME, line 13a is: AND OR 0 OR 1 more than 1 Your maximum benefit base is: Single $2,300 $2,300 $2,300 Head of Household $3,000 $3,000 $3,700 Married filing Jointly or Qualifying surviving spouse $3,000 $3,700 $3,700 SALES TAX FAIRNESS CREDIT (lines 16 and 16a): Clear Form 2 Print Form SCHEDULE PTFC/STFC – Property Tax Fairness Credit & Sales Tax Fairness Credit Instructions (Form 1040ME, lines 25d and 25e) Who is eligible? You may qualify for the refundable Property Tax Fairness Credit up to $1,000 ($1,500 if you are 65 years of age or older)* if you meet all of the following: • You were a Maine resident during any part of the tax year; • You owned or rented a home in Maine during any part of the tax year and lived in that home as your principal residence during the year; • Your total income during 2023 was less than the amount shown in the table below for your filing status and the number of qualifying children and dependents you claim: If your Filing Status is: Form 1040ME, line 13a is: AND  0 OR 1 OR more than 1 Your income must be less than: Single $57,500 $57,500 $57,500 Head of Household $75,000 $75,000 $92,500 Married filing Jointly or Qualifying surviving spouse $75,000 $92,500 $92,500 • You paid property tax on your home (principal residence) in Maine during the tax year that is greater than 4% of your total income or you paid rent on your home (principal residence) in Maine during the tax year that is greater than 26.67% of your total income. Note: that the amount of property tax or rent you can include may be limited. See line 7 on Schedule PTFC/STFC. *If you or your spouse, if married, are a veteran of the United States Armed Forces who is rated 100% permanently and totally disabled as a result of one or more service-connected disabilities by the United States Department of Veterans Affairs, you may be eligible for a refundable property tax fairness credit up to $2,000 ($3,000 if you are 65 years of age or older). You may qualify for the refundable Sales Tax Fairness Credit up to $255, depending on the number of qualifying children and dependents on Form 1040ME, line 13a, if you meet all of the following: • You were a Maine resident during any part of the tax year; • Your total income during 2023 was not more than $29,800 if filing single; $46,950 if filing head of household; or, $58,600 if married filing jointly or qualifying surviving spouse. See the line 16 instructions below for more information. You cannot claim either the Property Tax Fairness Credit or Sales Tax Fairness Credit if your filing status is married filing separately. You cannot claim the Sales Tax Fairness Credit if you are claimed as a dependent on another person’s return. SCHEDULE PTFC/STFC - SPECIFIC INSTRUCTIONS social security benefits, social security disability benefits and supplemental Step 1. Complete Form 1040ME according to the form instructions. If you are a resident or part-year resident of Maine filing Form security income. Include the gross amount before Medicare is subtracted. 1040ME only to claim the property tax fairness credit and/or the This amount can generally be found on federal Form SSA-1099. (See also sales tax fairness credit, you have no Maine income modifications federal Form 1040, line 6a or Form 1040-SR, line 6a). Also enter on this on Form 1040ME, Schedule 1A or Schedule 1S, and you do not line the amount of railroad retirement benefits received. This amount can file a federal income tax return, complete Maine Form 1040ME generally be found on federal Form RRB-1099 or RRB-1099-R. Line 1b. Interest and dividends. Enter all interest and ordinary according to the instructions below: • Fill in your name, address, social security number, telephone number dividends you received. These amounts can generally be found on the federal Form 1099 issued by the payer. and, if married, your spouse’s name and social security number; Line 1c. Pensions, annuities, and IRA distributions. Enter the • Check Box A below your address; amount of all pensions, annuities, and IRA distributions you received • Enter your correct filing status on lines 3-7; that would be included in federal total income if you filed a federal • Enter your correct residency status on lines 8-11a; • Check the applicable boxes on lines 12a through 12d if either you income tax return. These amounts can generally be found on the federal Form 1099 issued by the payer. or your spouse were 65 years or over or blind during 2023; • Enter the number of personal exemptions for yourself and your Line 1d. Wages, salaries, tips, etc. Enter the total amount of wages, salaries spouse, if married you can claim on line 13; and other compensation that would be included in federal total income if you • Enter the number of qualifying children and dependents you can filed a federal income tax return. This amount is generally reported in box 1 claim on line 13a; of the federal Form W-2 or on the federal Form 1099 issued by the payer. • Complete Schedule PTFC/STFC. See the Step 2 instructions below; Line 1e. Other income. Enter alimony received; business income (but • Enter the amount from Schedule PTFC/STFC, line 15 on Form do not enter business losses); capital gains; other gains; any income 1040ME, line 25d; from rental real estate, royalties, partnerships, S corporations, trusts, • Enter the amount from Schedule PTFC/STFC, line 16 or line 16a, etc.; farm income; unemployment compensation; and any other income whichever applies, on Form 1040ME, line 25e; that would be included in federal total income if you filed a federal • Enter the sum of Form 1040ME, lines 25d and 25e on Form income tax return. For more information on federal total income, see the 1040ME, lines 25f, 27, 28, 32 and 33b. Any refund will be mailed to federal income tax forms and instructions at www.irs.gov. you. However, if you want your refund deposited directly into your If you do file federal Form 1040 or Form 1040-SR: checking or savings account, also complete lines 33c, 33d and 33e. Line 2a. Federal Total Income. Enter your federal total income from Step 2. Complete Schedule PTFC/STFC. Enter your name and social federal Form 1040, line 9 or Form 1040-SR, line 9. If filing Form 1040ME, security number as shown on Form 1040ME. Also enter your date of Schedule NRH, enter the amount from Schedule NRH, line 1j, column B. birth and your spouse’s date of birth, if married. Line 2b. To the extent not already included in federal total income on Complete EITHER lines 1a through 1e OR lines 2a through 2d. If you do line 2a, enter all payments received under the federal Social Security not file federal Form 1040 or Form 1040-SR, complete lines 1a through Act and the amount of railroad retirement benefits received. See the 1e. If you do file a federal Form 1040 or Form 1040-SR, enter your instructions for line 1a above. If filing Form 1040ME, Schedule NRH, income on lines 2a through 2d. enter only those payments you received. If you do not file federal Form 1040 or Form 1040-SR: Line 2c. Enter only amounts not already included in federal total income Line 1a. Social security and railroad retirement benefits. Enter all on line 2a. If filing Form 1040ME, Schedule NRH, enter your portion of payments received under the federal Social Security Act, including regular the interest earned. 3 Line 2d. Loss add-backs. Enter on line 2d the amount of any negative amount (net loss) included on federal Form 1040 or Form 1040-SR, line 7 and federal Schedule 1, lines 3, 4, 5, 6, and 8a through 8z. Enter the total of the amounts as a positive number. If filing Form 1040ME, Schedule NRH, enter only those amounts shown on Schedule NRH, column B, lines 1f, 1g, 1h, and 1i. After completing line 3, if you are applying only for the Sales Tax Fairness Credit, skip to line 16. Line 4. Property Tax. If you owned your home in Maine and lived in that home during 2023, enter the amount of property tax paid during 2023 on your house and house lot up to 10 acres. Include amounts paid by the State to the municipality under the Property Tax Deferral Program. If your house is on land that is more than 10 acres, call your town or city assessor to get the tax on your house and the land up to 10 acres. Part-year residents - enter only the property tax amounts you paid for your home in Maine during the part of the tax year you were a Maine resident. Note: You may be asked to provide proof of the property tax paid before a refund is issued. • Do not use the amount of property tax assessed; enter only the amount of tax actually paid on your home during 2023. • Do not include amounts paid for interest or special assessments. • Do not include property taxes on property other than your primary residence. • Do not claim any property tax paid by others, except for amounts paid by the State under the Property Tax Deferral Program. If the home is jointly owned, enter only the property tax you paid. You can claim the tax you paid on your home even if you have transferred ownership to someone else under a legal agreement that allows you to continue to live in the home, but you can claim the tax on the home only for as long as you live in the home. • Do not include taxes on any part of your home or property used exclusively for business. For example, you owned a two-story building. You lived upstairs and ran a store downstairs. You can claim one-half of the property tax you paid. Do not include property taxes claimed as a business expense on your federal tax return. • Do not include taxes on any part of your home that serves as a separate dwelling. Include only the taxes paid for the part of the home you occupied as your primary residence. For example, your primary residence is one unit located in a three-unit dwelling. You can claim only one-third of the property tax paid. Line 5a. Enter the total rent you paid for your home (principal residence) in Maine during 2023. If you moved during the tax year, include the rent you paid during the tax year to live in each home or apartment. Include Workfare payments received from your town used to pay your rent. Part-year residents - enter only rent amounts you paid on your home in Maine during the part of the tax year you were a Maine resident. Note: You may be asked to provide copies of rent receipts or canceled checks before a refund is issued. • Do not include mortgage payments or room and board payments. Mortgage payments and room and board payments are not rent. • Do not include the rent amount paid by a government program. • Do not include rent for any part of your home that was rented out to others. For example, you share an apartment with your sister. Each of you are equally responsible for one-half of the rent. Include only the amount of rent you paid to live in the apartment. • Do not include rent for any part of your home used exclusively for business. For example, you rent a two-story building. You live in a 2nd floor apartment and run a business on the 1st floor. Claim only the portion of rent you paid for the right to live in the 2nd floor apartment. • Do not include rent claimed as a business expense on your federal return. Line 5c. If the rent you entered on line 5a includes an amount for heat, utilities, furniture, or other similar items and you know the amount paid toward the heat, utilities, furniture, or other similar items, enter the amount on line 5c. If your landlord cannot provide the amount you paid for heat, utilities, furniture, or other similar items, multiply the amount on line 5a by 15% (.15) and enter the result on line 5c. If the rent entered on line 5a does not include an amount paid for heat, utilities, furniture, or other similar items, enter 0 on line 5c. Line 5d. Subtract line 5c from line 5a. The rent you paid can include only the amount paid for the right to live in your home, excluding amounts paid for heat, utilities, furniture, or other similar items. Line 16. Sales Tax Fairness Credit. See the tables below for your filing status (from Form 1040ME, lines 3 through 7). a) To find the credit, read down the “At least - But not more than” columns and find the line that includes your Total Income from Schedule PTFC/STFC, line 3. b) Then, go to the column that includes the number of qualifying children and dependents on Form 1040ME, line 13a. Enter the credit from that column on Schedule PTFC/STFC, line 16. Example. If your filing status is married filing jointly, your total income from Schedule PTFC/STFC, line 3 is $54,600, and you claim 3 qualifying children and dependents, enter $95 on Schedule PTFC/STFC, line 16. Note: If you owned a home that was on rented land or vice-versa, you can include the property tax you paid during 2023 on line 4 and the rent you paid during 2023 on line 5a. For example, you owned a mobile home located in a park. Enter the property tax on your mobile home on line 4 and the lot rent you paid on line 5a. If your filing status is Single, find the amount for your income below (Note: you must not be claimed as a dependent on another person’s return): If your filing status is Married filing jointly or Qualifying surviving spouse, find the amount for your income and number of qualifying children and dependents below: If Schedule PTFC/STFC, line 3 is: If Schedule PTFC/STFC, line 3 is: And Form 1040ME, line 13 is 1: But not At more least: than: Enter: 0 23,301 23,801 24,301 24,801 25,301 25,801 26,301 26,801 27,301 27,801 28,301 28,801 29,301 29,801 23,300 23,800 24,300 24,800 25,300 25,800 26,300 26,800 27,300 27,800 28,300 28,800 29,300 29,800 30,300 140 130 120 110 100 90 80 70 60 50 40 30 20 10 0 And the number on Form 1040ME, line 13a is: But not At more least: than: 0 46,601 47,601 48,601 49,601 50,601 51,601 52,601 53,601 54,601 55,601 56,601 57,601 58,601 46,600 47,600 48,600 49,600 50,600 51,600 52,600 53,600 54,600 55,600 56,600 57,600 58,600 59,600 0 1 2+ 200 180 160 140 120 100 80 60 40 20 0 0 0 0 225 205 185 165 145 125 105 85 65 45 25 5 0 0 255 235 215 195 175 155 135 115 95 75 55 35 15 0 4 If your filing status is Head of Household, find the amount for your income and number of qualifying children and dependents below: If Schedule PTFC/STFC, line 3 is: But not At more least: than: And the number on Form 1040ME, line 13a is: 0-1 2 3+ 0 34,951 35,701 36,451 37,201 37,951 38,701 39,451 40,201 40,951 41,701 42,451 43,201 43,951 44,701 45,451 46,201 46,951 200 185 170 155 140 125 110 95 80 65 50 35 20 5 0 0 0 0 225 210 195 180 165 150 135 120 105 90 75 60 45 30 15 0 0 0 255 240 225 210 195 180 165 150 135 120 105 90 75 60 45 30 15 0 34,950 35,700 36,450 37,200 37,950 38,700 39,450 40,200 40,950 41,700 42,450 43,200 43,950 44,700 45,450 46,200 46,950 47,700
Extracted from PDF file 2023-maine-schedule-ptfc.pdf, last modified November 2023

More about the Maine Schedule PTFC Individual Income Tax Tax Credit TY 2023

You may qualify for a refundable Property Tax Fairness Credit up to $600 ($900 if you are 65 years of age or older) if you meet the criteria outlined in this form. Schedule PTFC requires you to list multiple forms of income, such as wages, interest, or alimony .

We last updated the Schedule PTFC Property Tax Fairness Credit in January 2024, so this is the latest version of Schedule PTFC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule PTFC directly from TaxFormFinder. You can print other Maine tax forms here.


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Other Maine Individual Income Tax Forms:

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

Form Code Form Name
Income Tax Instructions Form 1040ME Instructions
Form 1040ES-ME Vouchers and Instructions for Estimated Tax Payments
Schedule B Minimum Tax Worksheet for Schedule B
Schedule PTFC Schedule PTFC Property Tax Fairness Credit
Schedule 1 Income Modifications / Pension Income Deduction Worksheet

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 PTFC from the Revenue Services in January 2024.

Show Sources >

Schedule PTFC 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 Schedule PTFC

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


2023 Schedule PTFC

2023 Schedule PTFC/STFC (Form 1040ME)

2022 Schedule PTFC

22_1040me_sched_pstfc.indd

2020 Schedule PTFC

20_1040me_book_dwnld.indd

2019 Schedule PTFC

19_1040me_book_dwnld.indd

2018 Schedule PTFC

18_1040me_ptfc_stfc_d.indd

2017 Schedule PTFC

17_1040me_ptfc_stfc_d.indd

2016 Schedule PTFC

16_1040 sched pstfc_download.indd

Schedule PTFC property tax fairness credit 2015 Schedule PTFC

15_1040_sched ptfc_download.indd


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