Schedule Ptfc (Form 1040me) - Maine Property Tax Fairness Credit - 2015 Page 2
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42015 Form 1040ME, Schedule PTFC, page 2
99
*1502206*
BENEFIT BASE - PROPERTY TAX and/or RENT PAID:
.00
4.
Enter the property tax you paid on your home in 2015. (See instructions.) ................................................4.
If you paid no property tax in 2015, skip to line 5a.
.00
5.
(a) Enter the rent you paid on your home in 2015. (See instructions.) ....................................................5a.
If you paid no rent in 2015, skip to line 6.
(b) Does the rent entered on line 5a include heat, utilities, furniture or similar items? ............................... 5b.
Yes
No
(c) If line 5b is yes and you know the amount paid for heat, utilities, furniture or
similar items, enter that amount on line 5c. If yes, and you do not know the amount paid,
.00
multiply line 5a by 15% (.15) and enter the result on line 5c. If line 5b is no, enter “0” on line 5c. ......... 5c.
.00
(d) Line 5a minus line 5c .........................................................................................................................5d.
.00
(e) Multiply line 5d by 15% (.15) ..............................................................................................................5e.
(f)
Landlord’s name and telephone number
.00
6.
Add lines 4 and 5e.......................................................................................................................................6.
7.
Enter the amount shown in the table below for your fi ling status and the number of personal exemptions
.00
you claim on Form 1040ME: ............................................................................................................................ 7.
You claim no more than
You claim more than
If your Filing Status is:
AND
OR
2 personal exemptions
2 personal exemptions
Your maximum benefi t base is:
Single
$2,000
$2,000
Head of Household, or
Married fi ling Jointly, or
$2,600
$3,200
Qualifying Widow(er)
Married fi ling Separately
$1,300
$1,600
.00
8.
Benefi t base. Enter the smaller of line 6 or line 7 .......................................................................................8.
PROPERTY TAX FAIRNESS CREDIT CALCULATION:
.00
9.
Multiply line 3 by 6% (.06) ...........................................................................................................................9.
(a) Is the amount on line 8 more than the amount on line 9? ..................................................................9a.
Yes
No
If yes, go to line 10 below. If no, stop here, you do not qualify for the Property Tax Fairness Credit.
.00
10. Subtract line 9 from line 8..........................................................................................................................10.
.00
11. Multiply line 10 by 50% (.50) ..................................................................................................................... 11.
12. Were you or your spouse (if married fi ling jointly) at least 65 years of age during the tax year? ..............12.
Yes
No
.00
(a) If yes, enter $900. If no, enter $600. ................................................................................................12a.
NOTE: If you are married fi ling a separate return and both you and your spouse claim the
property tax fairness credit on the same homestead, enter $450 if yes or $300 if no.
.00
13. Enter line 11 or line 12a, whichever is smaller, here and on Form 1040ME, line 25d. ............................13.
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