Fillable Form 1040me - Schedule A - Adjustments To Tax

SCHEDULE A — MAINE TAX ADJUSTMENTS - See page 13

For more information on Maine tax additions and tax credits, visit

NOTE: If you ﬁ le Schedule NRH, multiply the joint amount (for both you and your spouse) of Schedule A, lines 4 and 6 by the percentage

listed on Schedule NRH, Column B, line 7. Enter the result on the appropriate line of Schedule A. Also, see the note below if you are ﬁ ling

as a nonresident or “Safe Harbor” resident individual.

SECTION 1 - TAX ADDITIONS:

NOTE: Nonresidents/Part-year residents/“Safe Harbor” residents:

prior tax years. NOTE: If the federal research credit is extended

Enter on Schedule A, lines 1 and 2, the amounts that relate to Maine-

to qualiﬁ ed expenses paid or incurred after 2011, Maine Revenue

source income only. Do not include amounts based on pension income

Services will post the 2012 Maine research credit worksheets to

otherwise exempt from state taxation by federal law (Public Law 104-95).

its web site.

Lines 1 and 2. RETIREMENT PLAN DISTRIBUTIONS / EARLY

Lines 13. HIGH-TECH CREDIT. If your business invested in computer

DISTRIBUTION FROM QUALIFIED RETIREMENT PLANS. If you

equipment used in high-tech activity, you may qualify for this credit.

choose to compute a separate federal tax on a lump-sum distribution

Line 14. MINIMUM TAX CREDIT. If you paid minimum tax in previous

from a retirement plan or are subject to the special federal tax on an

years, you may qualify for a minimum tax credit.

early distribution from a qualiﬁ ed retirement plan, you are subject to an

Lines 15 & 16. MEDIA PRODUCTION / PINE TREE DEVELOPMENT

additional Maine tax equal to 7.5% of the federal tax. NOTE: Distributions

ZONE CREDITS. If your business produced a movie or other type of

of Maine Public Employees Retirement System contributions previously

media production or if you expanded your business in Maine, you may

taxed by Maine are not subject to this special tax.

qualify for one of these credits, certiﬁ ed through the Department of

SECTION 2 - TAX CREDITS:

Economic and Community Development.

Tax Credit Worksheets Required. For more information on all tax credits

Line 17. FOREST MANAGEMENT PLANNING CREDIT. Once every

and to see the worksheets, visit

(select

10 years an individual taxpayer is allowed a credit of up to $200 for

Worksheets for Tax Credits) or call (207) 626-8475. Except for lines 4

the costs of a forest management and harvest plan for a parcel of

and 6, you must complete and attach a tax credit worksheet for each tax

more than 10 acres. To claim the credit, you must complete the Forest

credit claimed.

Management Planning Credit worksheet for your records.

Line 8. MAINE SEED CAPITAL CREDIT. If you invested in a qualiﬁ ed

Line 18. OTHER TAX CREDITS. Enter the sum of the following credits.

Maine business of which you are not a principal owner, you may qualify

•

List the name of each credit claimed in the space provided:

Biofuel

for a credit through the Finance Authority of Maine.

Production Tax Credit, for DEP-certiﬁ ed production of non-fossil fuels

•

Family Development Account Credit, for contributions to the FAME-

Line 9. CREDIT FOR EDUCATIONAL OPPORTUNITY. Graduates of

•

authorized fund

Jobs and Investment Tax Credit, for creation of 100

Maine colleges (or employers of qualiﬁ ed graduates) may qualify for a

•

jobs and investment of $5 million

Maine Fishery Infrastructure Credit

credit based on certain loan repayments made in 2012.

for investments in, or contributions to, public ﬁ shery infrastructure

Line 10. MAINE CAPITAL INVESTMENT CREDIT. If your business

•

projects

Employer credits for payment of employee expenses (long-

placed depreciable property in service in Maine during tax year 2012,

term care insurance, day care expenses, dependent health beneﬁ ts)

you may qualify for this credit.

•

Quality Child Care Investment Tax Credit, for DHHS-certiﬁ ed

Lines 11 and 12. RESEARCH CREDITS. Enter on these lines any

• •

investments in child care facilities

Credit for Rehabilitation of Historic

unused Maine research credit amounts carried forward to 2012 from

Properties placed in service prior to 2008.

2012 - Worksheet for Child Care Credit - Schedule A, Line 5

(Enclose with your Form 1040ME)

Your child care provider may be certiﬁ ed as a Quality Child Care Program facility by the Department of Health and Human Services (DHHS), Ofﬁ ce of Child Care and

Head Start. If so, enter your child care provider’s Quality Child Care certiﬁ cate number or Step 4 Child Care Quality Rating System certiﬁ cate number in the space

provided and enter your quality child care expenses in Column B. Otherwise, use only column A to calculate your child care credit. For a list of certiﬁ ed quality child

care providers, go to Maine Revenue Services web site at

(select Income/Estate Tax) or call DHHS at (207) 624-7909 Monday through Friday.

Quality Child Care Program

Column A

Column B

Name & Certiﬁ cate Number: ________________________________________________________

Regular

“Quality”

(do not enter the Child Care Program’s federal ID number)

Child Care

1. Total expenses paid for child care services included on federal Form 2441,

Expenses

line 2, column C ............................................................................................. 1. $

1a. Column A - expenses paid for regular child care services included on line 1

Column B - expenses paid for quality child care services included on line 1 ....................................1a. ______________

________________

1b. Percentage of expenses paid. Column A - divide line 1a, column A by line 1

Column B - divide line 1a, column B by line 1 .................................1b. __ . __ __ __ __

__ . __ __ __ __

2. Enter amount from federal Form 1040, line 48 or 1040A, line 29 ................. 2. $

2a. Column A - multiply line 2 by line 1b, column A

Column B - multiply line 2 by line 1b, column B .................................................................................2a. ______________

________________

3. Maine Credit. Column A - multiply line 2a, column A by 25% (.25)

Column B - multiply line 2a, column B by 50% (.50) .......................................................... 3. _______________

________________

4. Add line 3, column A and line 3, column B .................................................................................................................4. _________________

4a. FOR THOSE FILING SCHEDULE NR OR SCHEDULE NRH: You must prorate your child care credit.

For those ﬁ ling Schedule NR, multiply line 4 by the Maine-source income ratio (1.0000 minus Schedule NR, line 7).

For those ﬁ ling Schedule NRH, multiply line 4 by the rate representing your portion of Maine adjusted gross

income (Schedule NRH, line 7, column B). Then multiply the result by the Maine-source income ratio of your

income (1.0000 minus Schedule NRH, line 7, column C). .........................................................................................4a. _________________

5. Enter line 4 (or line 4a for those ﬁ ling Schedule NR or Schedule NRH) or $500, whichever is less. Enter this

amount on Form 1040ME, line 27d ........................................................................................................................... 5. _________________

6. Subtract line 5 from line 4 or line 4a (for those ﬁ ling Schedule NR or NRH). Enter here and on Schedule A, line 5. ... 6. _________________