The temporarily enhanced tax credits provide eligible parents with up to $3,600 per child over the course of a year.
tax break
Posted inLocal & State, Nation & World, News
New child tax credits offer lifeline for some Maine families
The monthly payments will go to some 230,000 Maine families, part of an expanded child tax credit approved by Congress under the American Rescue Plan Act.
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Posted inBusiness, Local & State
Report touts economic benefits of Maine tax credit for historic properties
The study of Maine’s historic rehabilitation tax credit says it has given the state’s economy a major boost and has more than paid for itself.
Posted inBusiness, Nation & World, News
Glitches prevent $1,200 stimulus payments from reaching millions of Americans
Filers who used tax preparers, parents of dependent children and people with 2019 tax returns still to be processed encounter confusion and delayed payments.
Posted inBusiness, Elections, Nation & World, Politics
Advisers suggest Trump propose a minimum tax on corporations
The idea aims to counter criticism that the 2017 tax law left many large firms with no tax burden at all.
Posted inThe Forecaster
Senior tax relief program opens soon
PORTLAND — The city will soon begin accepting Portland Senior Tax Equity Program applications. The City Council started Portland Senior Tax Equity Program (P-Step) in 2017 to provide tax relief to qualified low-income seniors through property tax or rent rebates of up to $900. To qualify, applicants must be 62 or older with a homestead […]
Posted inBusiness, Local & State, News, Times Record
Freeport considers tax break for L.L. Bean headquarters expansion
The retailer is requesting a $10 million tax increment financing district that could help offset its future property tax costs and fund community projects.
Posted inOp-eds, Opinion
The humble Farmer: Maine companies are the best equipped to serve Maine residents
Keep local money in the local economy – don’t encourage policies that funnel it to Chinese, Spanish or New York corporations.
Posted inBusiness, Local & State, News
Investors warming to Maine’s opportunity zones
Economic development experts say new regulations for the tax break program will encourage investment in struggling parts of the state.