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Get Maine Schedule Ptfc Stfc

SCHEDULE PTFC/STFC FORM 1040MEPROPERTY TAX FAIRNESS CREDIT SALES TAX FAIRNESS CREDIT2017For MAINE RESIDENTS and PARTYEAR RESIDENTS ONLY.99 *1702205*Enclose with Form 1040ME. See instructions. For.

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Changes for 2023 The 2023 changes include amounts for the Child Tax Credit (CTC), Earned Income Tax Credit (EITC), and Child and Dependent Care Credit. Those who got $3,600 per dependent in 2021 for the CTC will, if eligible, get $2,000 for the 2022 tax year.

Beginning in tax year 2022, the Maine earned income tax credit is increased from 20% to 25% of the federal earned income tax credit (50% for eligible individuals who do not have a qualifying child).

You may qualify for a refundable Property Tax Fairness Credit up to $1000 ($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.

Schedule PTFC/STFC for property tax fairness credit and sales tax fairness credit.

In 2021, parents were eligible to receive up to $3,600 for each child under six and $3,000 for other children, including 17-year-olds. Those enhancements have since expired, and the program has reverted to its original form in 2023, which is less generous at $2,000 per dependent under age 17.

Earned income tax credit 2023 The earned income tax credit is adjusted to account for inflation each year. For the 2023 tax year (taxes filed in 2024), the earned income tax credit will run from $600 to $7,430, depending on filing status and number of children.

A new Maine law goes into effect in 2023, reinstating and increasing the state income tax deduction for contributions to any 529 education savings plan, providing a deduction up to $1,000 per student for Maine state taxpayers.

The State Property Tax Deferral Program is a lifeline loan program that can cover the annual property tax bills of Maine people who are ages 65 and older or are permanently disabled and who cannot afford to pay them on their own.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232