Maine Itemized Deductions
Extracted from PDF file 2023-maine-schedule-2.pdf, last modified November 2023Itemized Deductions
Clear SCHEDULE 2 Form 1040ME Attachment Sequence No. 6 2023 Print Itemized Deductions for Form 1040ME, line 17 99 Enclose with Form 1040ME. For more information, visit www.maine.gov/revenue/tax-return-forms. *2302204* Your Social Security Number Name(s) as shown on Form 1040ME DO NOT ENTER $ signs, commas, or decimals. .00 1. Total itemized deductions from federal Form 1040 or 1040-SR, Schedule A, line 17. .....................1. 2. a. Taxes you paid included in line 1 above from federal Form 1040 or 1040-SR, Schedule A, line 5e; or Form 1040-NR, Schedule A, line 1b..................................................................................................... 2a. .00 b. Deductible costs, included in line 1 above, incurred in the production of Maine exempt income. ........................................................................................................................2b. .00 c. Amount included in line 1 attributable to income from an ownership interest in a pass-through entity financial institution. ...................................................................................2c. .00 d. Medical and dental expenses included in line 1 above from federal Form 1040 or 1040-SR, Schedule A, line 4. ...................................................................................................2d. .00 3. a. Deductible costs of producing income exempt from federal income tax, but taxable by Maine........................................................................................................................................3a. .00 b. State and local real estate taxes you paid from federal Form 1040 or 1040-SR, Schedule A, line 5b. .....3b. .00 c. Personal property taxes you paid from federal Form 1040 or 1040-SR, Schedule A, line 5c. .....3c. .00 4. Line 1 minus lines 2a, b, c, and d plus lines 3a, b and c.....................................................................4. .00 5. Maximum allowable itemized deduction. ..........................................................................................5. 3 3,2 0 0 .00 6. Enter the smaller of line 4 or line 5. ..................................................................................................6. .00 7. Add line 2d and line 6. Enter the result here and on Form 1040ME, line 17.* .................................7. .00 *Note: If the amount on line 7 above is less than your allowable standard deduction, use the standard deduction. If married filing separately, however, both spouses must either itemize or use the standard deduction. CAUTION: The total itemized deduction, on line 7 above may be limited. You must complete the Worksheet for Standard / Itemized Deductions (for Form 1040ME, line 17) to calculate your reduced deduction amount if the amount on Form 1040ME, line 16 is more than $91,500 if single or married filing separately; $137,300 if head of household; or $183,050 if married filing jointly or qualifying surviving spouse. 1 Schedule 2 - Itemized Deductions Instructions Line 3b. State and local real estate taxes you paid from federal Form 1040 or 1040-SR, Schedule A, line 5b. Line 1. Total Itemized Deductions from federal Form 1040 or Form 1040-SR. Enter your total itemized deductions as shown on federal Form 1040 or 1040-SR, Schedule A, line 17. Line 3c. State and local personal property taxes you paid from federal Form 1040 or 1040-SR, Schedule A, line 5c. Line 2a. Enter the amount of taxes you paid included in line 1, from federal Form 1040 or 1040-SR, Schedule A, line 5e; or Form 1040NR, Schedule A, line 1b. Line 7. If the amount on this line is less than your allowable standard deduction, use the standard deduction. If married filing separately, however, both spouses must either itemize or use the standard deduction. Line 2b. Deductible costs, included in line 1, incurred in the production of Maine exempt income. Enter any interest or other expense items attributable to income not taxable under Maine law. CAUTION: The amount on line 7 may be limited. You must complete the Maine Worksheet for Standard / Itemized Deductions (for Form 1040ME, line 17) to calculate your reduced deduction amount if the amount on Form 1040ME, line 16 is more than $91,500 if single or married filing separately; $137,300 if head of household; or $183,050 if married filing jointly or qualifying surviving spouse. Line 3a. Deductible costs of producing income exempt from federal income tax but taxable by Maine. Enter any interest or other expense items attributable to income taxable under Maine law, but exempt from federal income tax. Enter only amounts not included on line 1. 2
2023 Schedule 2 (Form 1040ME)
More about the Maine Schedule 2 Individual Income Tax TY 2023
[[Schedule 2]] allows individuals to itemize their deductions if they choose to.
We last updated the Itemized Deductions in February 2024, so this is the latest version of Schedule 2, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule 2 directly from TaxFormFinder. You can print other Maine tax forms here.
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TaxFormFinder has an additional 61 Maine income tax forms that you may need, plus all federal income tax forms.
Form Code | Form Name |
---|---|
Form 1040ES-ME | Vouchers and Instructions for Estimated Tax Payments |
Income Tax Instructions | Form 1040ME Instructions |
Schedule PTFC | Schedule PTFC Property Tax Fairness Credit |
Worksheets A - B | Residency Information and Income Allocation for Nonresidents and Part-Year Residents |
Schedule B | Minimum Tax Worksheet for Schedule B |
View all 62 Maine Income Tax Forms
Form Sources:
Maine usually releases forms for the current tax year between January and April. We last updated Maine Schedule 2 from the Revenue Services in February 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Maine Schedule 2
We have a total of ten past-year versions of Schedule 2 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Schedule 2 (Form 1040ME)
22_1040me_sched_2.indd
20_1040me_book_dwnld.indd
19_1040me_book_dwnld.indd
18_1040_2_d.indd
17_1040me_sch2_d.indd
16_1040 sched 1_download.indd
15_1040 sched 2_download.indd
14_1040 sched 2_download.indd
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