Minimum Tax Credit Worksheet: Maine Minimum Tax Credit and Carryforward Worksheet for Form 1040ME, Schedule A, line 17 (2025)
Maine · Maine Revenue Services · Used for tax years 2025
This worksheet calculates your 2025 Maine minimum tax credit for Form 1040ME, Schedule A, line 17, using your credit carryforward from 2024 and your 2025 Maine income tax liability. It also calculates any unused credit carried forward to 2026.
Who files this form
This worksheet is for figuring your 2025 Maine minimum tax credit from a credit carryforward from 2024. It also calculates any remaining credit carryforward to 2026. The 2025 credit goes on Form 1040ME, Schedule A, line 17.
What you'll need
- Your 2024 Maine Minimum Tax Worksheet, line 4, for the credit carryforward amount.
- Your 2025 Form 1040ME, lines 22 and 23, to calculate your Maine income tax liability, excluding the minimum tax credit.
- Your 2025 Form 1040ME, Schedule A, to enter the credit on line 17.
The worksheet also asks for your name or names as shown on Form 1040ME and your Social Security number.
Common mistakes
Do not discard the worksheet if you have a Maine minimum tax credit carryforward to 2026. The worksheet says to keep a copy to submit with your 2026 Maine individual income tax return.
Questions people ask
Where do I find my credit carryforward from 2024?
Enter the amount from line 4 of your 2024 Maine Minimum Tax Worksheet on line 1 of this worksheet.
How do I calculate my 2025 Maine income tax liability for line 2?
Subtract line 23 of your 2025 Form 1040ME from line 22, excluding the minimum tax credit from line 23. If the result is zero or less, enter zero.
How much minimum tax credit can I claim for 2025?
Enter the smaller of worksheet line 1 or line 2 on line 3. Also enter that amount on Form 1040ME, Schedule A, line 17.
How do I calculate and document my carryforward to 2026?
Subtract line 3 from line 1 and enter the result on line 4. If you have a carryforward to 2026, keep a copy of the worksheet to submit with your 2026 Maine individual income tax return.