Form 1040me - Schedule A - Adjustments To Tax - 2007, 2007 Worksheet For Child Care Credit
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2SCHEDULE A
ADJUSTMENTS TO TAX
FORM 1040ME
See instructions on pages 10 and 11.
2007
00
Enclose with your Form 1040ME.
Attachment
*0702103*
4
Sequence No.
Name(s) as shown on Form 1040ME
Your Social Security Number
-
-
Section 1. TAX ADDITIONS:
(Part-year residents/Nonresidents/“Safe Harbor” residents see instructions on page 10.)
1.
RETIREMENT PLAN DISTRIBUTIONS - Enter the amount from federal Form 1040, line 44
,
.
related to lump-sum distributions (federal form 4972) $ _______________ x .15 ...............................1
2.
EARLY DISTRIBUTION FROM QUALIFIED RETIREMENT PLANS - Enter the amount from
,
.
federal Form 1040, line 60 related to early distributions $ _________________x .15 ..........................2
3a. Enter the Maine Minimum Tax from the Maine Minimum Tax
,
.
Worksheet, line 12
(Enclose worksheet-see instructions)
........... 3a
3b. Enter the amount of Pine Tree Development Zone Credit from the
,
.
Credit Application Worksheet
(Enclose worksheet-see instructions)
3b
,
.
3c. MAINE MINIMUM TAX - Subtract line 3b from line 3a ......................................................................... 3c
,
.
4.
TOTAL ADDITIONS
- Add lines 1, 2, and 3c. Enter result here and on 1040ME, page 1, line 21 .........4
Section 2. TAX CREDITS (See instructions for details):
5.
CREDIT FOR THE ELDERLY - Enter amount from federal Form 1040, line 48 or
,
.
1040A, line 30 $ _______________ x .20 ............................................................................................ *5
6.
CHILD CARE CREDIT - Enter amount from line 6 of the Child Care Credit Worksheet on
,
.
page 22. Enclose the Worksheet with your return. .............................................................................. *6
7.
EARNED INCOME TAX CREDIT - Enter amount from federal form 1040, line 66a or
,
.
1040A, line 40a or form 1040EZ, line 8a $ _______________x .05 .................................................... *7
8.
CREDIT FOR INCOME TAX PAID TO OTHER JURISDICTIONS - From page 22, Schedule 3,
,
.
line 5 .......................................................................................................................................................8
,
.
9.
MAINE SEED CAPITAL CREDIT
(Enclose worksheet-see instructions)
........................................9
,
.
10. EMPLOYER-ASSISTED DAY CARE CREDIT
(Enclose worksheet-see instructions)
..................10
,
.
11. FOREST MANAGEMENT PLANNING CREDIT (Supporting documentation MUST be included) ..... 11
,
.
12. RESEARCH EXPENSE TAX CREDIT
(Enclose worksheet-see instructions)
...............................12
,
.
13. RESEARCH & DEVELOPMENT SUPER CREDIT
(Enclose worksheet-see instructions)
............13
,
.
14. HIGH-TECHNOLOGY CREDIT
(Enclose worksheet-see instructions)
..........................................14
,
.
15. MAINE MINIMUM TAX CREDIT
(Enclose worksheet-see instructions)
........................................15
,
.
16. MEDIA PRODUCTION CREDIT
(Enclose worksheet-see instructions)
........................................16
17. PINE TREE DEVELOPMENT ZONE CREDIT - Enter the amount from the Credit Application
,
.
Worksheet
(Enclose worksheet-see instructions)
.........................................................................17
,
.
18. OTHER TAX CREDITS - List ___________________________________
(See instructions)
....18
,
.
19. TOTAL CREDITS
- Add lines 5 through 18. .........................................................................................19
,
.
20. MAINE INCOME TAX
- 1040ME, line 23 minus Schedule A, line 3c ...................................................20
21. ALLOWABLE CREDITS
- Amount on line 19 or line 20, whichever is less. Enter here and
,
.
on FORM 1040ME, line 24 .................................................................................................................21
*NOTE: Personal credits (lines 5, 6 and 7 above) taken by part-year residents, nonresidents and “Safe Harbor” residents must be prorated based on the
ratio of Maine-source income to total income. For lines 5 and 7, this is done on Schedule NR, line 8 or Schedule NRH, line 10. Line 6 is prorated on the
Worksheet for Child Care Credit. Maine business credits may be claimed in their entirety, up to the Maine tax liability (carryover provisions may apply).
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