2210ME Annualized: Annualized Income Installment Worksheet for Form 2210ME (Revision)
Maine · Maine Revenue Services · Used for tax years 2024
The Maine Annualized Income Installment Worksheet calculates estimated tax installment amounts using income, deductions, exemptions, and credits for four periods in 2024. The resulting amounts are entered on Form 2210ME, line 9.
What you'll need
Have these forms and figures available to complete the worksheet:
- Maine adjusted gross income for each period, plus itemized deductions if you itemize.
- Form 1040ME, including your standard deduction on line 17 and the amount on line 18.
- Form 2210ME, including line 6. You will transfer the worksheet’s line 25 amounts to Form 2210ME, line 9.
- Tax credit recapture amounts and credits allowed for each period.
- The Tax Table or Tax Rate Schedules available at maine.gov/revenue.
Estates and trusts use Maine taxable income without the federal exemption for each period, and the exemption amount shown on federal Form 1041.
Common mistakes
- Moving to the next column too soon: The worksheet says to complete lines 1–25 of each column before going on to the next column.
Questions people ask
What periods does the 2024 worksheet cover?
The four columns cover January 1–March 31, January 1–May 31, January 1–August 31, and January 1–December 31, all in 2024.
What do I enter if I do not itemize deductions?
Enter zero on line 4 and skip to line 7. On line 7, enter the full standard deduction from Form 1040ME, line 17, in each column.
Are there special entries for estates and trusts?
Yes. On line 1, enter Maine taxable income without the federal exemption for each period. On line 4, enter zero, skip to line 9, and enter the amount from line 3 on line 9. On line 10, enter the exemption amount shown on federal Form 1041.
Where do I put the final installment amounts?
On line 25 of each column, enter the smaller of line 20 or line 23. Enter that amount on Form 2210ME, line 9, as well.