Maine LD1682 proposes new income tax brackets and rates for higher earners starting in 2025.
Maine LD1682 introduces new income tax brackets and rates for higher earners starting in 2025. It adjusts the tax brackets for single individuals, married persons filing separately, heads of households, and married couples filing jointly. The bill adds higher tax brackets with rates of 8.15%, 9.15%, and 10.15%. The tax brackets are indexed to the Chained Consumer Price Index. The bill also repeals and replaces certain sections of the Maine Revised Statutes to implement these changes.
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