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
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
Net operating loss carry forward that has been previously used to offset Maine addition modifications.
Maine Public Employees Retirement System Contributions
Report Maine Public Employees Retirement System contributions from your W-2.
Maine Capital Investment Credit Bonus Depreciation Add-Back
Available to businesses that place depreciable property in service in Maine during the taxable year.
Fiduciary Adjustment
Your portion of a fiduciary adjustment from income received from an estate or trust.
Wellness Program Credit
Maine taxpayers who claim the credit for wellness programs and deducted the corresponding expenses on their federal return must add back the amount their federal income was reduced by.
Other Additions to Income
- Nonresident individuals may elect to recognize the entire gain from an installment sale during the taxable year of real or tangible property located in Maine. The election may only be made on a timely filed original return and, once made, is irrevocable.
- 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.
- Amount claimed as a deduction in determining federal adjusted gross income that are included in the credit base for the Maine Credit for Wellness Programs.
For additional information, please refer to the Maine Individual Income Tax Booklet.