Schedule Ptfc (Form 1040me) - Maine Property Tax Fairness Credit

SCHEDULE PTFC – PROPERTY TAX FAIRNESS CREDIT INSTRUCTIONS

Who is eligible?

You may qualify for a refundable Property Tax Fairness Credit up to $600 ($900 if you are 65 years of age or older) if you meet all of the following:

• You were a Maine resident during any part of the tax year;

• You owned or rented a home in Maine during any part of the tax year and lived in that home as your principal residence during the year;

• Your total income during 2015 was not more than the amount shown in the table below for your ﬁ ling status and the number of personal

exemptions you claim:

You claim no more than

You claim more than

If your Filing Status is:

AND

2 personal exemptions

Your maximum income limitation is:

Single

$33,333

Head of Household, or

Married ﬁ ling Jointly, or

$43,333

$53,333

Qualifying Widow(er)

Married ﬁ ling Separately

$21,667

$26,667

• You paid property tax on your home (principal residence) in Maine during the tax year that is greater than 6% of your total income or

you paid rent on your home (principal residence) in Maine during the tax year that is greater than 40% of your total income. Note that

the amount of property tax or rent you can include may be limited. See line 7 on Schedule PTFC.

SPECIFIC INSTRUCTIONS

Step 1.

Complete Form 1040ME according to the form instructions.

However, if you are ﬁ ling Form 1040ME only to claim the property tax fairness credit, you have no Maine income modiﬁ cations

on Form 1040ME, Schedule 1 and you do not ﬁ le a federal income tax return, complete Maine Form 1040ME according to the

instructions below:

• ﬁ ll in your name, address, social security number, telephone number and, if married, your spouse’s name and social security number;

• check Box A below your address;

• enter your correct ﬁ ling status on lines 3-7;

• enter your correct residency status on lines 8-11;

• check the applicable boxes on lines 12a through 12d if either you or your spouse were 65 years or over or blind during 2015;

• enter the number of personal exemptions you can claim on line 13;

• enter 0 on lines 14, 15 and 16;

• complete Schedule PTFC (see Step 2 instructions below); and

• enter the amount from Schedule PTFC, line 13 on Form 1040ME, lines 25d, 25e, 27, 28, 32 and 33b. Any refund will be mailed

to you. However, if you want your refund deposited directly into your checking or savings account, also complete lines 33c,

33d and 33e.

Note: Part-year residents must also complete Form 1040ME, Schedule NR and related Worksheet B – Income Allocation Worksheet.

Step 2.

Complete Schedule PTFC. Enter your name and social security number as shown on Form 1040ME. Also enter your date of

birth and your spouse’s date of birth, if married.

Complete either lines 1a through 1e OR lines 2a through 2d. If you do not ﬁ le federal Form 1040, 1040A or 1040EZ, complete

lines 1a through 1e. If you do ﬁ le a federal Form 1040, 1040A or 1040EZ, enter your income on lines 2a through 2d.

If you do not ﬁ le federal Form 1040, 1040A or 1040EZ:

Line 1a. Social security and railroad retirement beneﬁ ts. Enter all payments received under the federal Social Security Act,

including regular social security beneﬁ ts, social security disability beneﬁ ts and supplemental security income. Include the gross

amount before Medicare is subtracted. This amount can generally be located on federal Form SSA-1099 (see also federal Form

1040, line 20a). Also enter on this line the amount of railroad retirement beneﬁ ts received. This amount can generally be located

on federal Form RRB-1099 or RRB-1099-R.

Line 1b. Interest and dividends. Enter all interest and ordinary dividends you received. These amounts can generally be found

on the federal Form 1099 issued by the payer.

Line 1c. Pensions, annuities and IRA distributions. Enter the amount of all pensions, annuities and IRA distributions you received

that would be included in federal total income if you ﬁ led a federal income tax return. These amounts can generally be found on the

federal Form 1099 issued by the payer.

Line 1d. Wages, salaries, tips, etc. Enter the total amount of wages, salaries and other compensation that would be included

in federal total income if you ﬁ led a federal income tax return. This amount is generally reported in box 1 of the federal Form W-2

or on the federal Form 1099 issued by the payer.

Schedule Ptfc (Form 1040me) - Maine Property Tax Fairness Credit - 2015 Page 3

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