Tax credits can make a real difference at tax time by lowering what you owe or increasing your refund. Follow the links provided below to learn about the credits you may be eligible to claim this tax season.

Earned Income Tax Credit (EITC) Celebrates 50 Years
March 29, 2025 marked the 50th anniversary of the Earned Income Tax Credit (EITC) helping low- to moderate-income workers and families get a tax break. If you qualify, you can use the credit to reduce the taxes you owe and maybe increase your refund. You can use the EITC tax assistant to see if you qualify.  Read More

Maine Earned Income Credit (EIC)
For tax years beginning on or after January 1, 2022, the Maine EIC is equal to 25% (50% for taxpayers with no qualifying children) of the federal earned income tax credit. Read More

Child Tax Credit (CTC) is Worth Up to $2,200 per child
The Child Tax Credit helps families with qualifying children get a tax break. You may be able to claim the credit even if you don’t normally file a tax return. Read More

Additional Child Tax Credit (ACTC) is Worth Up to $1,700 per child
If you have little or no federal income tax liability, you may qualify for the Additional Child Tax Credit, up to $1,700 per qualifying child depending on your income.  Read More

American Opportunity Tax Credit (AOTC) is Worth up to $2,500 per Student
The American opportunity tax credit (AOTC) is a credit for qualified education expenses paid for an eligible student for the first four years of higher education. Read More

Lifetime Learning Credit (LLC) is Worth up to $2,000 per tax return
The lifetime learning credit (LLC) can help pay for undergraduate, graduate, and professional degree courses, including courses to acquire or improve job skills. Read More

Premium Tax Credit (PTC)
The premium tax credit is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace. Read More

Sales Tax Fairness Credit
Eligible Maine taxpayers may receive a refundable Sales Tax Fairness Credit (STFC) on the Maine individual income tax return whether they owe Maine income tax or not. Read More

Property Tax Fairness Credit 
Eligible Maine taxpayers may receive a portion of the property tax or rent paid during the tax year on the Maine individual income tax return whether they owe Maine income tax or not. Read More

Maine Child Tax Credit
Eligible Maine taxpayers may receive $300 for each child and dependent of the taxpayer for whom the federal child tax credit is claimed for the same year. Read More