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See Question 4 below for payment due dates. From Determining Residency Status (pdf): News, discussion, policy, and law relating to any tax - U.S. and International, Federal, State, or local. How do I file and remit Maine withholding tax? Is New Hampshire a tax-friendly state for retirees? Home State Taxes | Blog State Income Tax: Living in One State, Working in Another. Reciprocity: Some states that border each other have entered into agreements related to allowing an employee who lives in one state but works in a neighboring state to have their withholding tax paid to the work . They will then divide whatever has been withheld between them and the state whose tax liability was not exactly met will either give you a refund or a tax bill. For more information, visit their web site athttps://www.maine.gov/pfrand select Office of Consumer Credit Regulation. Quarterly Reports - Forms 941ME or ME UC-1, Annual Wage and Payment Statements - Forms W-2, 1099, and W-2G. Travis believes that every student has the potential to succeed, and he tirelessly works to help them reach their full potential. Maine generally imposes an income tax on all individuals that have Maine-source income. Maine lobster has exploded in value in recent years in part due to growing international demand from countries such as China. Do I Claim Zero, One, Two W-4 Allowances? If you are a resident of Maine, you owe taxes on all of your taxable income, regardless of where you work. According to Mass.gov, for most, the income tax in Massachusetts is a flat 5 percent . Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The change happened late . Vermont Remote Work with Convenience Rule. - 0000013828 00000 n 0000005067 00000 n Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. You may want to consult a tax accountant who is familiar with ME and NH tax laws and be sure you are following the most advantageous course of action. Analytical cookies are used to understand how visitors interact with the website. File Form 941ME electronically by using the Maine Tax Portal (MTP). How do I register to remit Maine income tax withholding? Estimated Income Tax Liability for a Vermont Resident with $100,000 in Income and an Office in New York Under Three Scenarios. 3. What if i live in Arizona an work in texas what then. New Hampshire income tax rate: 0% (5% tax on interest and dividends) Median household income: $88,841 (U.S. Census Bureau) . In legal documents, Massachusetts maintained that the tax scheme passes legal muster and urged the Supreme Court to dismiss New Hampshires complaint. What College Does Everyone Want To Go To? Usually you will owe taxes in your state of residence and be owed a refund in your work state but situations vary. The 183-day and Convenience Rules. Maine Revenue Services ("MRS") telephone assistance is available Monday through Friday between 9:00 a.m. and 12:00 noon, excluding holidays. Enrolled Agent since 2008, Intuit Tax Expert since 2011. One reason Maines tax burden is high is because, on average, incomes in Maine are lower than in most other states. District of Columbia: If you don't live in D.C., you don't have to pay income tax for the district. If not, you should make estimated tax payments to Massachusetts. I am a seasonal employer. In certain instances, this method often results in less Maine income tax paid.". Am I required to withhold Maine income tax from these employees? The best answers are voted up and rise to the top, Not the answer you're looking for? Yes, you will have to pay Massachusetts tax on your income from New Hampshire.