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Maine Free Printable  for 2022 Maine Underpayment of Estimated Tax by Individuals, Estates, or Trusts

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Underpayment of Estimated Tax by Individuals, Estates, or Trusts
Worksheet Form 2210ME

Clear Attachment Sequence No.16 1. Print Annualized Income Installment Worksheet for Underpayment of Estimated Tax COMPLETE LINES 1-25 OF EACH COLUMN BEFORE GOING ON TO THE NEXT COLUMN (See instructions on back) Enter your Maine adjusted gross income for each period (Estates/Trusts, enter your Maine taxable income without your federal exemption for each period)...................................................... 1 2. Annualization amounts........................................... 2 (a) 1/1/21 to 3/31/21 (b) 1/1/21 to 5/31/21 (c) 1/1/21 to 8/31/21 (d) 1/1/21 to 12/31/21 4 2.4 1.5 1 3. 4. Annualized income (multiply line 1 by line 2)......... 3 Enter your itemized deductions for the period shown in each column. If you do not itemize, enter -0- and skip to line 7 (Estates/Trusts, enter -0- and skip to line 9 and enter the amount from line 3 on line 9.).............................................. 4 5. 6. 7. Annualization amounts........................................... 5 4 Annualized itemized deductions. Multiply line 4 by line 5.................................................................. 6 In each column, enter the full amount of your standard deduction from Form 1040ME, line 17.... 7 2.4 1.5 1 8. Enter line 6 or line 7, whichever is greater............. 8 9. Subtract line 8 from line 3...................................... 9 10. In each column, enter the amount from Form 1040ME, line 18 (Estates/Trusts, enter the exemption amount shown on federal Form 1041)............................................................. 10 11. Subtract line 10 from line 9.................................... 11 12. Figure your tax on the amount on line 11 using the Tax Table or the Tax Rate Schedules available at www.maine.gov/revenue..................... 12 13. Enter tax credit recapture amounts for each payment period (See instructions)......................... 13 14. Total Tax. Add lines 12 and 13.............................. 14 15. For each period, enter credits allowed (See instructions)................................................... 15 16. Subtract line 15 from line 14. If zero or less, enter -0-.................................................................. 16 17. Applicable percentage............................................ 17 22.5% 18. Multiply line 16 by line 17....................................... 18 19. Add the amounts shown on line 25 in all preceding columns, and enter the result here........ 20. Subtract line 19 from line 18. If zero or less, enter -0-.................................................................. 21. Divide line 6, Form 2210ME, by four (4) and enter the result in each column.............................. 22. Enter the amount from line 24 of the preceding column ................................................................... 19 20 21 22 23. Add lines 21 and 22 and enter the total................. 23 24. If line 23 is more than line 20, subtract line 20 from line 23. Otherwise, enter -0-...................... 24 25. Enter the smaller of line 20 or line 23 here and on Form 2210ME, line 9......................................... 25 45% 67.5% 90% ANNUALIZED INSTALLMENT WORKSHEET If your income varied during the year because, for example, you own a seasonal business or the majority of your income was received in one payment, you may be able to lower or eliminate the amount of your quarterly estimated tax payments by using the annualized income installment method. Use the Annualized Income Installment Worksheet to calculate the required 2021 installment for each payment due date. SPECIFIC INSTRUCTIONS Note: You must complete lines 1-25 of each column before going on to the next column. (First complete Form 2210ME lines 1 through 7) ANNUALIZED PERIODS: If your annualized periods are different than those shown, enter the correct periods. See 36 M.R.S. § 5228, subsections 4, 5 and 7. Line 1. Enter your total Maine adjusted gross income for the period. Estates and Trusts, enter your Maine taxable income less your federal exemption for the period. Lines 4 and 7. If your annualized Maine adjusted gross income is more than $83,850 if single or married filing separately; $125,750 if head of household; or $167,700 if married filing jointly or qualifying widow(er), your itemized or standard deductions are subject to phaseout. See the Worksheet for Standard/Itemized Deductions to calculate your itemized or standard deduction amount available at www.maine.gov/revenue/tax-return-forms. Line 10. If your annualized Maine adjusted gross income is more than $279,500 if single; $307,450 if head of household; $335,400 if married filing jointly or qualifying widow(er); or $167,700 if married filing separately, your personal exemption amount is subject to phaseout. See the Worksheet for Phaseout of Personal Exemption Deduction Amount to calculate your personal exemption amount available at www.maine.gov/revenue/tax-return-forms. Line 13. Enter the amount of credits used in prior years to reduce Maine income tax that become subject to recapture during the months shown in the column headings (see Form 1040ME, line 20a or Form 1041ME, Schedule A, line 1). Line 15. Enter the refundable and nonrefundable credits you are entitled to because of events that occurred during the months shown in the column headings (see Form 1040ME, lines 25d and 25e and Schedule A or Form 1041ME, Schedule A). For example, the amount of child care credit resulting from payments you made during the first quarter should be included in column 1, line 15. Line 19. Add the amounts on line 25 of each preceding column and enter the total here. Line 25. This is the amount of your estimated tax due. Enter the smaller of line 20 or line 23 here and on Form 2210ME, line 9 in the corresponding column.
Extracted from PDF file 2021-maine-worksheet-form-2210me.pdf, last modified November 2021

More about the Maine Worksheet Form 2210ME Individual Income Tax TY 2021

We last updated the Underpayment of Estimated Tax by Individuals, Estates, or Trusts in April 2022, so this is the latest version of Worksheet Form 2210ME, fully updated for tax year 2021. You can download or print current or past-year PDFs of Worksheet Form 2210ME directly from TaxFormFinder. You can print other Maine tax forms here.

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
Form 1040ES-ME Vouchers and Instructions for Estimated Tax Payments
Form 1040ME 1040ME Income Tax Return
Form 1040EXT-ME Extension Payment Voucher
Schedule PTFC Schedule PTFC Property Tax Fairness Credit
Income Tax Instructions Form 1040ME Instructions

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 Worksheet Form 2210ME from the Revenue Services in April 2022.

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 Worksheet Form 2210ME

We have a total of seven past-year versions of Worksheet Form 2210ME in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Worksheet Form 2210ME

2020_form_2210_dec2020draft.indd

2019 Worksheet Form 2210ME

19_1040me_form2210_ann.indd

2018 Worksheet Form 2210ME

2018_form 2210.indd

2017 Worksheet Form 2210ME

2017_form 2210.indd

2016 Worksheet Form 2210ME

2016_form 2210.indd

Annualized Income Installment Worksheet for Form 2210ME 2015 Worksheet Form 2210ME

15_1040_form2210me ann.indd


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