Maine requires you to add to your return any items that are taxable to Maine but not by the federal government.
Income From Municipal And State Bonds (1a)
Compensation received from municipal and state bonds (other than Maine) that was not included in the taxpayers federal adjusted gross income.
Net Operating Loss Recovery Adjustment (1b)
Net operating loss carry forward that has been previously used to offset Maine addition modifications.
Maine Public Employees Retirement System Contributions (1c)
Report Maine Public Employees Retirement System contributions from your W-2.
Maine Capital Investment Credit Bonus Depreciation Add-Back (1f)
Available to businesses that place depreciable property in service in Maine during the taxable year.
Fiduciary Adjustment (1g)
Your portion of a fiduciary adjustment from income received from an estate or trust.
Other Additions to Income
- The amount of loss, deductions and other expenses of a financial institution subject to Maine franchise tax that are included in your federal adjusted gross income due to an ownership share in the financial institution that is a partnership, S corporation, or entity disregarded as separate from its owner.
- Amounts claimed as a deduction in determining federal adjusted gross income that are included in the credit base for:
- 1) the Maine Fishery Infrastructure Investment Tax Credit and
- 2) the Maine Credit for Wellness Programs
For additional information, please refer to the Maine Individual Income Tax Booklet.
