Maine – Schedule PTFC – Property Tax Fairness Credit

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Article: 50579

Overview 

The Maine Property Tax Fairness Credit (PTFC) provides financial relief to eligible low- and moderate-income residents who pay property tax or rent on a permanent residence located in Maine. This credit is claimed on Schedule PTFC, which is part of the Form 1040ME state return. 

Who Qualifies for the PTFC? 

You may qualify for the credit if: 

  • You were a Maine resident for the entire tax year. 
  • You lived in a home you owned or rented in Maine that was your primary residence. 
  • You meet income limits and property tax or rent thresholds based on your filing status. 
  • You were not claimed as a on another person’s return. 

Note: The credit amount depends on your household income, property tax paid, or rent paid during the year. 

How to Report 

  1. Navigate to the State Taxes section on the left-hand side of the screen. 
  1. Click the link: I’d like to see the forms I’ve filled out or search for a form. 
  1. In the dropdown menu, select Maine. 
  1. Click on the Property and Personal Credits tab. 
  1. Select Schedule PTFC – Maine Property Tax Fairness Credit to open the screen. 
  1. Enter all applicable information.  
  1. Click Save once complete. 

Additional Resources 

For complete instructions, refer to the official guide: 

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