Maine State Income Tax Withholding
Reference Number: NFC-24-1711036800
Published: March 21, 2024
Effective: Pay Period 03, 2024
Summary
The income tax withholding formula for the State of Maine includes the following changes:
- The annual exemption per allowances claimed has changed from $4,700 to $5,000.
- The Single and Married standard deduction tables have changed.
- The Single and Married income tax withholding tables have changed.
No action on the part of the employee or the personnel office is necessary.
Tax Formula
|
State Abbreviation: |
ME |
|---|---|
|
State Tax Withholding State Code: |
23 |
|
Acceptable Exemption Form: |
W-4ME |
|
Basis for Withholding: |
State Exemptions |
|
Acceptable Exemption Data: |
S/M, Number of Exemptions |
|
TSP Deferred: |
Yes |
|
Special Coding: |
Determine the Total Number of Allowances Claimed field as follows: First Position - S = Single; M = Married; Second and Third Positions - Enter the number of allowances claimed. If less than 10, precede with a 0 (zero). |
|
Additional Information: |
In the event that the employee does not file a State withholding allowance certificate, then Single and zero allowances (S00) will be used as the basis for withholding. |
Withholding Formula (Effective Pay Period 03, 2024)
- Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.
- Subtract the nontaxable biweekly Federal Employees Health Benefits Plan payment(s) (includes dental and vision insurance program and Flexible Spending Account — health care and dependent care deductions) from the amount computed in step 1.
- Add the taxable biweekly fringe benefits (e.g., taxable life insurance) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.
- Multiply the adjusted gross biweekly wages by the number of pay dates in the tax year to obtain the gross annual wages.
- Subtract the standard deduction adjustment from the following tables, based on marital status, from the annualized gross pay to get adjusted annualized gross pay:
Single Taxpayer
|
Annualized Gross Pay |
Standard Deduction Adjustment |
|---|---|
|
Over $0 but not over $97,150 |
$11,750 |
|
Over $97,150 but not over $172,150 |
[($172,150 - Taxable Wages) / $75,000] x $11,750 |
|
Over $172,150 |
$0 |
Married Taxpayer
|
Annualized Gross Pay |
Standard Deduction Adjustment |
|---|---|
|
Over $0 but not over $194,300 |
$26,350 |
|
Over $194,300 but not over $344,300 |
[($344,300 - Taxable Wages) / $150,000] x $26,350 |
|
Over $344,300 |
$0 |
- Determine the exemption allowance by applying the following guideline and subtracting this amount from the results in step 5 to compute the taxable income:
Multiply the number of Allowances by $5,000.
- Apply the taxable income in step 6 to the following tables to determine the annual Maine tax withholding:
Single Tax Withholding Table
|
If the Amount of Taxable Income Is: |
The Amount of Tax Withholding Should Be: |
|---|---|
|
Over $0 but not over $26,050 |
$0.00 plus 5.8% over $0 |
|
Over $26,050 but not over $61,600 |
$1,511.00 plus 6.75% of excess over $26,050 |
|
Over $61,600 |
$3,911.00 plus 7.15% of excess over $61,600 |
Married Tax Withholding Table
|
If the Amount of Taxable Income Is: |
The Amount of Tax Withholding Should Be: |
|---|---|
|
Over $0 but not over $52,100 |
$0.00 plus 5.8% over $0 |
|
Over $52,100 but not over $123,250 |
$3,022.00 plus 6.75% of excess over $52,100 |
|
Over $123,250 |
$7,825.00 plus 7.15% of excess over $123,250 |
- Divide the annual Maine income tax withholding calculated in step 7 by the number of pay dates in the tax year, and round to the nearest dollar to obtain the biweekly Maine income tax withholding.
- Add the additional amount or percentage elected by the employee to the pay period tax calculated in the above step and round to the nearest dollar to determine the amount of tax to be withheld for this pay period.
Resources
To view the updated tax formula, go to the HR and Payroll Clients page from the MyNFC drop-down menu on the National Finance Center (NFC) home page. Select the Publications tab and select Taxes from the Publications menu to launch the tax map. Select the desired State from the map provided for the formula.
Inquiries
For questions about NFC processing, authorized Servicing Personnel Office representatives should contact the NFC Contact Center at 1-855-NFC-4GOV (1-855-632-4468) or via the customer service portal at ServiceNow Portal for Federated Users and at ServiceNow Portal for Non-Federated Users.