LD 1664

Summary: Under current income tax law, there is a cap of $27,500 on the total itemized deductions, including those for charitable donations, that a taxpayer may claim in order to reduce Maine adjusted gross income. This bill removes from the cap donations made to a nonprofit organization and applies the change retroactively to tax years beginning on or after January 1, 2013.  More information.

Subscribe to RSS - LD 1664