Tag Archives: Maine

The Lowdown on State Income Tax Rates

Often overshadowed by their tax time counterpart – the federal income tax – state income tax rates generally receive less attention. However, they can definitely impact your overall bill, depending on where you live, where you work, and the total amount you earn. State Taxation of Residents States typically use one of three methods to […]

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Twenty-five states and the District of Columbia have enacted their own state version of the Earned Income Tax Credit (EITC). Maine is among those who model their state credit after the federal version, in terms of eligibility requirements. Taxpayers can determine their eligibility for the Maine state EITC the same as they do for the […]

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