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Tax Relief in Maine

Maine MapStatistics regarding personal finances in Maine with respect to taxes tend to put the state in the top quarter of nationwide rankings. For example, Maine’s top rate of 7.95% for state income tax ranks 9th highest among states with an individual income tax. Its average collection of $1070 in state and local taxes per resident places Maine in 14th highest place among all fifty states.

Similarly, Maine has the 11th highest average amount of collected property tax, with a rate of approximately $1,808 per capita.

However, Maine’s average federal tax per resident of $7,660 is the second lowest in the nation, more than $4,000 less than the national average. This is in spite of Maine having the 15th highest median household income in the United States, with a typical household earning $50,121 in a year. The state has seen an overall decline in that median household income at a rate of 7.7%.

Some Mainers find themselves in trouble as they look at their weekly income and struggle to afford basic necessities like food, rent, utilities, and gas for transportation to work and school; there is often nothing left over to set aside in a saving account for future tax bills. Tax relief strategies are gaining popularity in Maine as individual residents struggle to meet their tax obligations in light of unemployment, medical bills, and other financial difficulties.

Tax relief companies offer clients the ability to avoid the stress of knowing they owe money to the IRS or to state collection agencies, and the possibility of having their assets seized or their wages garnished. Experts in tax relief are able to employ a number of tools in their clients’ behalf, such as offers in compromise, traditional installment agreements, negotiation of penalty abatement, and tax return amendment and review.

 

The View From Here: Maine Republicans keep winning on taxes

It's hard to imagine a worse thumping than what the Maine Republican Party endured last Election Day. They not only lost the governorship and a seat in Congress, but they also lost control of the stat...

Published:  Sun, 17 Feb 2019 02:06:00 GMT



A statewide car tax could cut your tax bill, but if you live in Greenwich, you're out of luck

Darien First Selectman Jayme Stevenson called the proposed state car tax a "shell game." The mill rate in her town is 16.08. "To me, it's just an overt wealth distribution mechanism," said Stevenson, ...

Published:  Sun, 17 Feb 2019 03:19:00 GMT



Greg Kesich: Republicans still winning war on taxes

The budget makes some progress in helping people pay for higher ed, increasing the tax credit for tuition, but not the kind of investment that would make Maine stand out as a place that invests in its ...

Published:  Sun, 17 Feb 2019 02:35:00 GMT



Reduced tax returns cause shock for some

Harrison deBree, 31, an IT specialist from Newmarket, and Lisa Davis, 43, a physical therapist from Berwick, Maine, were among those who said they made out better this tax season. deBree's tax refund ...

Published:  Sat, 16 Feb 2019 14:55:00 GMT



Free tax services available online and in person

You should obtain a complete list of the documents to bring when you make your tax appointment. Q: My neighbors told me I should try to get a home heating tax credit. How do I find out if I qualify A ...

Published:  Sun, 17 Feb 2019 03:08:00 GMT



Murphy, Democrats reach deal to tax legal weed by ounce, reports say

Politico New Jersey, citing three sourced with knowledge of the discussions, said the proposed tax would be $42 an ounce ... Colorado, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont ...

Published:  Sat, 16 Feb 2019 07:27:00 GMT



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