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

Line 1e. Other income. Enter alimony received; business income (but do not enter business losses); capital gains; other

gains; any income from rental real estate, royalties, partnerships, S corporations, trusts, etc.; farm income; unemployment

compensation; any other income that would be included in federal total income if you ﬁ led a federal income tax return. For more

information on federal total income, see federal income tax forms and instructions at

If you do ﬁ le federal Form 1040, 1040A or 1040EZ:

Line 2a. Federal Total Income. Enter your federal total income from federal Form 1040, line 22; 1040A, line 15 or 1040EZ,

line 4. Part-year residents - enter on line 2a the portion of your federal total income related to that part of the tax year you were

a Maine resident plus any Maine-source income while you were a nonresident. To determine this amount, add Form 1040ME,

Worksheet B, Column B, line 15 plus Worksheet B, Column E, line 15.

Line 2b. To the extent not already included in federal total income on line 2a, enter all payments received under the federal

Social Security Act and the amount of railroad retirement beneﬁ ts received. See the instructions for line 1a above.

Line 2c. Enter only amounts not already included in federal total income on line 2a.

Line 2d. Loss add-backs. Enter on line 2d the amount of any negative amount (net loss) shown on federal Form 1040, lines

12, 13, 14, 17, 18 and 21. Enter the total of the amounts as a positive number.

Line 3. Total income. If the amount on line 3 is more than the amounts shown in the table, you do not qualify for the property

tax fairness credit.

Line 4. Property Tax. If you owned your home in Maine and lived in that home during 2015, enter the amount of property tax

paid during 2015 on your house and house lot up to 10 acres. If your house is on land that is more than 10 acres, call your

town or city assessor to get the tax on your house and the land up to 10 acres. Part-year residents - enter only the property tax

amounts you paid for your home in Maine during the part of the tax year you were a Maine resident. Note: You may be asked

to provide proof of the property tax paid before a refund is issued.

• Do not use the amount of property tax assessed; enter only the amount of tax actually paid on your home during 2015.

• Do not include amounts paid for interest or special assessments.

• Do not include property taxes on property other than your primary residence.

• Do not claim any property tax paid by others. If the home is jointly owned, enter only the property tax you paid. You can

claim the tax you paid on your home even if you have transferred ownership to someone else under a legal agreement that

allows you to continue to live in the home, but you can claim the tax on the home only for as long as you live in the home.

• Do not include taxes on any part of your home or property used exclusively for business. For example, you owned a two-story

building. You lived upstairs and ran a store downstairs. You can claim one-half of the property tax you paid. Do not include

property taxes claimed as a business expense on your federal tax return.

• Do not include taxes on any part of your home that serves as a separate dwelling. Include only the taxes paid for the part of

the home you occupied as your primary residence. For example, your primary residence is one unit located in a three-unit

dwelling. You can claim only one-third of the property tax paid.

Note: If you owned a home that was on rented land or vice-versa, you can include the property tax you paid during 2015 on line

4 and the rent you paid during 2015 on line 5a. For example, you owned a mobile home located in a park. Enter the property

tax on your mobile home on line 4 and the lot rent you paid on line 5a.

Line 5. Rent.

Line 5a. Enter the total rent you paid for your home (principal residence) in Maine during 2015. If you moved during the tax

year, include the rent you paid during the tax year to live in each home or apartment. Include Workfare payments received

from your town used to pay your rent. Part-year residents - enter only rent amounts you paid on your home in Maine during the

part of the tax year you were a Maine resident. Note: You may be asked to provide copies of rent receipts or canceled

checks before a refund is issued.

• Do not include mortgage payments or room and board payments. Mortgage payments and room and board payments are not rent.

• Do not include the rent amount paid by a government program.

• Do not include rent for any part of your home that was rented out to others. For example, you share an apartment with your sister.

Each of you are equally responsible for one-half of the rent. Include only the amount of rent you paid to live in the apartment.

• Do not include rent for any part of your home used exclusively for business. For example, you rent a two-story building. You

live in a 2nd ﬂ oor apartment and run a business on the 1st ﬂ oor. Claim only the portion of rent you paid for the right to live

in the 2nd ﬂ oor apartment.

• Do not include rent claimed as a business expense on your federal return.

Line 5c. If the rent you entered on line 5a includes an amount for heat, utilities, furniture or other similar items and you know

the amount paid toward the heat, utilities, furniture or other similar items, enter the amount on line 5c. If your landlord cannot

provide the amount you paid for heat, utilities, furniture or other similar items, multiply the amount on line 5a by 15% (.15) and

enter the result on line 5c. If the rent entered on line 5a does not include an amount paid for heat, utilities, furniture or other

Schedule Ptfc (Form 1040me) - Maine Property Tax Fairness Credit - 2015 Page 4

Related Articles

Related forms

Related Categories