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Maine Relief Checks 2022

Written by Jennifer DeJoy | Published on April 25, 2022

The Maine Legislature has approved the supplemental budget and it was signed into law by Governor Mills on Wednesday, April 20. Here are the important details:

Inflation Relief Checks
Relief checks of $850 will be mailed to most Maine residents, starting in June. To be eligible, you must be a full-time resident and file a 2021 Maine income tax return by October 31, 2022. Seniors receiving social security who do not typically file tax returns will have to file to receive a payment. Get your questions answered here.

Tax Breaks for Maine Retirees
Exempts additional Maine retirement pension from income tax, improving the deductions for residents from $10,000 to $25,000 in tax year 2022, to $30,000 in tax year 2023 and to $35,000 in tax years 2024 and beyond. Retirement pension income from any source will be tax exempt in Maine up to $35,000 per individual by tax year 2025, providing an annual average tax cut of approximately $795.

Property Tax Fairness Credit
The Property Tax Fairness Credit has been expanded to give low and middle-income households relief on property tax or rent.  The refundable tax credit will be up to $1,000 each year and $1,500 maximum for seniors.

Earned Income Tax Credit (EITC)
The EITC, available to families making less than $57,414, has been increased. The benefit per family will be average of $764 per year.

To receive help with filing a 2021 Maine tax return to receive your inflation relief check please visit the CA$H Maine website after May 1st.