ME LD1682

Expands Maine's income tax from 3 brackets to 6 brackets for tax years beginning January 1, 2025, adding new rates of 8.15%, 9.15%, and 10.15% for higher incomes

Single filers would pay 8.15% on income $100,000-$200,000, 9.15% on $200,000-$300,000, and 10.15% on income over $300,000

Married joint filers would pay 8.15% on income $200,000-$400,000, 9.15% on $400,000-$600,000, and 10.15% on income over $600,000

Heads of household would pay the new higher rates starting at $150,000, with the top 10.15% rate applying to income over $450,000

Income tax brackets will continue to be adjusted annually for inflation using the Chained Consumer Price Index beginning in 2026