Withholding Tables For Individual Income Tax - Maine Revenue Services - 2013 Page 8
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20COMMON ITEMS OF INCOME SUBJECT TO WITHHOLDING OF MAINE INCOME TAX
INCOME TYPE
WITHHOLDING REQUIREMENT
WITHHOLDING BASIS
Wage
methods
(wage
Wages — including tips, commissions,
Mandatory
bonuses, severance pay or “golden
bracket tables or permitted
parachute”
payments,
supplemental
alternatives)
unemployment benefi ts (IRC § 3402)
Sick pay paid by employer or employer’s
Mandatory
Wage methods
agent
Third-party sick pay not paid by an
Payee must request
Amount requested by payee
employer or employer’s agent
Periodic
payments
from
employer-
Required, unless payee elects out
Wage methods
sponsored retirement plan (pension,
of withholding
profi t-sharing, stock bonus, etc.) (IRC §
3405)
Lump-sum or other nonperiodic payment
Required, unless payee elects out
Flat 5 percent
from
employer-sponsored
retirement
of federal withholding
plan
Distribution from Individual Retirement
Required, unless payee elects out
Flat 5 percent
Account (IRA) or self-employed pension
of federal withholding
(Keough) plan
Required, unless payee elects out
Private employer-sponsored deferred
Flat 5 percent
of federal withholding
compensation plan (IRC § 401(k))
Distribution from government employer-
Mandatory
Wage methods
sponsored deferred compensation plan
(IRC § 457)
Mandatory
Flat 5 percent
Gambling winnings in excess of $5,000;
lotteries, parimutuel horse and dog races
when odds are at least 300 to 1 (IRC §
3402(q)).
NOTE
: Winnings below these
thresholds are still generally subject to Maine
income tax.
Reportable payments subject to federal
Mandatory
Flat 5 percent
backup withholding when payee fails to
furnish proper Federal Tax Identifi cation
Number, or when payee or payer is
notifi ed by the Internal Revenue Service
that
federal
backup
withholding
is
required (IRC § 3406)
Wages, interest, dividends, rent or other
Mandatory
Flat 5 percent
payments to nonresident aliens of the
United States when federal income tax
withholding is required (IRC § 1441)
Effectively connected income of foreign
Mandatory
Flat 5 percent
partner (IRC § 1446)
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