Maine Discusses 2019 Personal Income Tax Rates

The Maine revenue services issued a tax alerts discussing 2019 tax year Maine personal income tax rate. For 2019 tax year, the tax rate is unchanged; however, the income brackets have been changed.

For single individuals and married persons filing separate returns:

– if taxable income is less than $21,459, the tax is 5.8% Maine taxable income;

– if taxable income is $21,450 but less than $50,750, the tax rate is $1,244 plus 6.75% of excess over $21,450;

– if taxable income is more than $50,750, the tax rate is $3,222 plus 7.15% of excess over $50,750.

For unmarried or legally separated individuals who qualify as heads of household:

– if taxable income is less than $32,750 the tax is 5.8% Maine taxable income;

– if taxable income is $32,750 but less than $77,550 , the tax rate is $1,900 plus 6.75% of excess over $32,750;

– if taxable income is more than $77,550 or more, the tax rate is $4,924 plus 7.15% of excess over $77,550.

For married individuals and surviving spouses filing joint returns:

– if taxable income is less than $43,700, the tax is 5.8% Maine taxable income;

– if taxable income is $43,700 but less than $103,400 , the tax rate is $2,535 plus 6.75% of excess over $43,700;

– if taxable income is more than $103,400 or more, the tax rate is $6,565 plus 7.15% of excess over $103,400.

Further a personal exemption of $4,200 is applicable to a taxpayer and spouse, if married filing jointly. Moreover a standard deduction to single taxpayer of $12,200; married filing jointly of $ 24,400; head of household of $ 18,350; and married filing separately of $12,200 is available. Lastly, the alert discusses additional deduction amount available for age and blindness.

Maine Tax Alert, Vol. 28, No. 13, Maine Revenue Services, December 2018, ¶200-908

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