1040ES-ME Instructions — Estimated Tax for Individuals

# VOUCHER NUMBER AND DATE PAID

COMPUTATION and RECORD of PAYMENTS

TOTAL ESTIMATE ORIGINAL OR AMENDED $ $ $ $

AMOUNT OF INSTALLMENT PAYABLE APRIL 15 $ JUNE 16 $ SEPT. 15 $ JAN. 15 $ 2024 OVERPAYMENT

APPLIED TO INSTALLMENTS $ $ $ $

BALANCE DUE $ $ $ $

# TOTAL OF PAYMENTS

$ $ $ $ • These instructions are intended for the majority of taxpayers who report on a calendar year basis. If you report on a fi scal year basis, the dates should be changed to correspond with your fi scal year. • If mailing the estimated income tax payment, Form 1040ES-ME may be downloaded at maine.gov/revenue/tax-return-forms. 1) WHO MUST MAKE ESTIMATED TAX PAYMENTS. In most cases, you must pay estimated tax if your estimated Maine income tax for the year, over and above tax withheld and allowable credits, is $1,000 or more and if your tax liability for the prior year was also $1,000 or more. 2) HOW TO CALCULATE YOUR ESTIMATED TAX. Use the worksheet on page 2 to calculate your estimated tax. To avoid penalties, the estimated tax paid must be no less than the smaller of the following: a) An amount equal to the preceding year's tax liability, if the preceding year was a taxable year of 12 months; or b) An amount equal to 90% of the tax liability for the current taxable year. You will also fi nd information concerning the Maine personal exemption, standard deduction, and the tax rate schedules on page 2. The standard deduction amounts, exemption amount, and tax rate schedules are those in eff ect under current law for tax years beginning in 2025. Note - Special Rule for Unusual Event Income. Defi nitions. For purposes of this special rule, the following terms have the following meanings: Maine taxable income means income subject to Maine income tax, but which is not subject to Maine income tax withholding. For example, for purposes of this special rule, Maine taxable income includes business income and capital gains, but does not include wages. Unusual event income means Maine taxable income (as de fi ned above) received during an estimated tax installment period of the current tax year, but only if that amount exceeds the Maine taxable income received during the same estimated tax installment period of the prior tax year by $500,000 or more. Special Rule. If you have unusual event income, you must pay a Maine estimated tax on that income equal to 90% of the tax liability on that income. This special rule prohibits you from utilizing the prior year tax liability rule under paragraph a above to determine the amount of Maine estimated tax due on unusual event income. The estimated tax due on unusual event income is in addition to the estimated tax due on any other income received during the installment period (such as pension or annuity income subject to Maine income tax withholding where the Maine withholding amount is insuffi cient). Maine income that is not unusual event income is subject to the regular estimated tax requirements contained in 36 M.R.S. § 5228 and briefl y described in these instructions. Example: If your Maine taxable income not subject to withholding during January-March 2024 was $300,000 and your Maine taxable income during January-March 2025 is $900,000, you have unusual event income (i.e., the 2025 income amount exceeds the 2024 income amount by $500,000 or more). Therefore, under the special rule, you must pay a Maine estimated tax for the January-March 2025 installment period equal to 90% of the tax liability on the $600,000 ($900,000 - $300,000). You cannot, with respect to the $600,000, calculate the estimated tax based on your prior year tax liability (as may be allowed for other income). P.O. Box 9101 Augusta, Maine 04332-9101 Extension to pay; waiver of penalty. If you are subject to the special rule described above and you meet all of the criteria listed below, you are entitled to an extension of time to pay the estimated tax or to receive a waiver of penalty associated with the unusual event income. Any extension of time granted may not extend past the original due date for fi ling the return for the tax year. Requests for extension of time to pay or for waiver of penalty must be submitted to the State Tax Assessor in writing. You must meet all of the following: a) You are an owner in a pass-through entity; b) You had no control over the distribution of the unusual event income; c) You did not actually or constructively receive payment of the unusual event income; and d) You pay the estimated tax on the unusual event income by the estimated tax installment payment due date following the installment period during which you actually or constructively receive the unusual event income. 3) WHEN AND WHERE TO MAKE PAYMENTS. The fi rst installment payment is due on April 15, 2025. You may either pay all of your estimated tax at that time or pay in four equal installments on April 15, 2025, June 16, 2025, September 15, 2025, and January 15, 2026. Payments can be made electronically using the MTP (no forms required) at revenue.maine. gov or send your payment with the appropriate voucher Form 1040ES-ME to the address printed on the voucher. If you overpaid your 2024 income tax and elected to apply the overpayment to your 2025 estimated tax, that overpayment may be partially or fully applied to any installment. 4) FARMERS AND FISHERMEN. If at least 2/3 of your estimated adjusted gross income is from farming or fi shing, your estimated tax may be paid in a single installment due on or before January 15, 2026. If you fi le your 2025 individual income tax return on or before March 1, 2026, and pay the total tax at that time, you need not make an estimated tax payment. 5) CHANGES IN INCOME. Even though you are not required to pay estimated tax on April 15, 2025 , your expected income may change so that you will be required to pay estimated tax later in the year. When the change becomes known and the estimated tax is calculated, payment may be made at one time on the next installment due date or it may be paid in equal installments on the remaining due dates. If your estimated tax liability decreases because of an income change, reduce the remaining installments. 6) UNDERPAYMENT PENALTY. A penalty accrues automatically on underpayments of the required installment amount for the period of underpayment. The penalty does not apply if each required payment was made on time and if the total estimated tax paid is equal to 90% (66 2/3% for farmers and fi shermen) of the income tax liability for the current year or 100% of the tax liability for the preceding year, if that year was a taxable year of 12 months. If you have unusual event income, you may be eligible to request an extension of time to pay the estimated tax or to request a waiver of the penalty associated with unusual event income. See Note under item 2 above. Maine Tax Portal Use the Maine Tax Portal (MTP) to pay estimated individual income tax electronically at revenue.maine.gov. Electronic payments eliminate the necessity of fi ling Forms 1040ES- ME (income tax estimated payment vouchers). Note: Certain taxpayers with large annual tax liabilities are required to remit tax payments electronically. See Maine Rule 102 on the Maine Revenue Services website at maine.gov/revenue (select Laws & Rules). State of Maine Estimated Tax for Individuals FORM 1040ES-ME Instructions Revised: December 20241

1. Total income expected in 2025 (line 1, 2025 federal Estimated Tax Worksheet) ..............................................1. 2. Deduct - income subtraction modifi cations included in line 1. See the 2024 Form 1040ME, Schedule 1S. Note that the maximum pension income deduction is increased to $ 48,216 for tax year 2025. .......................2. The maximum pension income deduction is equal to the annual social security benefi t for an individual at the retirement age, as de fi ned in 42 USC § 416(l), as of January 1, 2025. 3. Line 1 less line 2 ......................................................................................................... .......................................3. 4. Add - income addition modi fi cations. See the 2024 Form 1040ME, Schedule 1A. ...........................................4. 5. Adjusted gross income for Maine (line 3 plus line 4) ....................................................................... ..................5. 6. a. Deductions - standard or itemized (up to $ 36,300). See instructions below ......... 6a. b. Exemptions - enter $ 5,150 ($10,300, if married fi ling jointly). Except, enter $0 if you (or if married fi ling jointly, both you and your spouse) may be claimed as a dependent on another person's return. If married fi ling jointly and only one spouse may be claimed as a dependent on another person's return, enter $ 5,150. Note: If your Maine adjusted gross income is over $333,450, complete the Worksheet for Phaseout of Personal Exemption Amount available at maine.gov/revenue/tax-return-forms. ........6b. 7. Total of lines 6a and 6b ................................................................................................... ...................................7. 8. Maine estimated taxable income (line 5 less line 7) ........................................................................ ..................8. 9. Estimated tax (multiply line 8 by the applicable rate from the Tax Rate Schedules below). ..............................9. 10. Tax credit recapture amounts. See instructions below. ..................................................................... ..............10. 11. Credits. See the 2024 Form 1040ME, Schedule A. ......................................................................................... 11. 12. Estimated Maine income tax to be withheld during the year ................................................................. ..........12. 13. ESTIMATED TAX (add lines 9 and 10 less lines 11 and 12) ..........................................................................13. TAX RATE SCHEDULES - (Line 9 above) For Single Individuals and Married Persons Filing Separate Returns If the taxable income is: The Tax is: Less than $26,800 5.8% $26,800 but less than $63,450 $1,554 plus 6.75% of excess over $26,800 $63,450 or more $4,028 plus 7.15% of excess over $63,450 For Unmarried or Legally Separated Individuals who Qualify as Heads of Household If the taxable income is: The Tax is: Less than $ 40,200 5.8% $40,200 but less than $95,150 $2,332 plus 6.75% of excess over $40,200 $95,150 or more $6,041 plus 7.15% of excess over $95,150 For Married Individuals and Surviving Spouses Filing Joint Returns If the taxable income is: The Tax is: Less than $53,600 5.8% $53,600 but less than $126,900 $3,109 plus 6.75% of excess over $53,600 $126,900 or more $8,057 plus 7.15% of excess over $126,900 Form 1040ES-ME 2025 ESTIMATED TAX WORKSHEET (Keep for your records) MAINE DEDUCTIONS - (Line 6a above) Note: If your Maine adjusted gross income is over $100,000, your itemized deductions or standard deduction may be reduced. See the Worksheet for Phaseout of Itemized/Standard Deductions available at revenue/tax-return-forms. Itemized Deductions: If you plan to itemize deductions, enter the estimated total of your itemized deductions (see Maine Form 1040, Schedule 2 and related instructions). If you do not plan to itemize deductions, enter the standard deduction amount for your fi ling status shown below. Standard Deduction for 2025: Single ------------------------ $15,000 Married Filing Jointly or Qualifying Head of Household ------ $22,500 Surviving Spouse ---------$30,000 Married Filing Separately $15,000 Additional Standard Deduction for Age and/or Blindness: Married (whether fi ling jointly or separately) or a quali fi ed widow(er): the additional standard deduction is $1,600 if one spouse is age 65 or over OR blind; $3,200 if one spouse is 65 or over AND blind; $3,200 if both spouses are 65 or over OR blind; $ 6,400 if both spouses are 65 or over AND blind, etc. Unmarried (single or head of household): the additional standard deduction is $ 2,000 if the individual is 65 or over OR blind; $ 4,000 if the individual is both 65 or over AND blind. TAX CREDIT RECAPTURE AMOUNTS: Line 10 is the amount of credits previously used to reduce Maine income tax that are now subject to recapture.

.00 .00 Your First Name Initial Your Social Security Number Your Last Name Spouse's First Name Initial Spouse's Social Security Number Spouse's Last Name Address (number, street and apt. no.) City State ZIP Code *1902320* *1902320* 1. Check if you are a first-time estimate filer. 2. Check if your address has changed. 3. Amount of payment: 4. If you are a fiscal year filer, enter month/year ending: NOTE: If you are married and plan to file a joint 2025 return with your spouse, enter your spouse's name and social security number in the spaces provided.

# Estimated Tax Payment

Voucher 1 for Individuals Due April 15, 2025 Pay your estimated tax electronically using the Maine Tax Portal at revenue.maine.gov and eliminate the need to file Form 1040ES-ME or detach and mail this voucher with check or money order payable to Treasurer, State of Maine, to: Maine Revenue Services, P.O. Box 9101, Augusta, ME 04332-9101. Form 1040ES-ME 1. Check if you are a first-time estimate filer. 2. Check if your address has changed. 3. Amount of payment: 4. If you are a fiscal year filer, enter month/year ending: NOTE: If you are married and plan to file a joint 2025 return with your spouse, enter your spouse's name and social security number in the spaces provided.

# Estimated Tax Payment

Voucher 2 for Individuals Due June 16, 20252025 Form 1040ES-ME Your First Name Initial Your Social Security Number Your Last Name Spouse's First Name Initial Spouse's Social Security Number Spouse's Last Name Address (number, street and apt. no.) City State ZIP Code Pay your estimated tax electronically using the Maine Tax Portal at revenue.maine.gov and eliminate the need to file Form 1040ES-ME or detach and mail this voucher with check or money order payable to Treasurer, State of Maine, to: Maine Revenue Services, P.O. Box 9101, Augusta, ME 04332-9101. (cut along dotted line) Maine □

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Estimated Tax Payment Voucher 3 for Individuals Due September 15, 2025

# Estimated Tax Payment

Voucher 4 for Individuals Due January 15, 2026 Your First Name Initial Your Social Security Number Your Last Name Spouse's First Name Initial Spouse's Social Security Number Spouse's Last Name Address (number, street and apt. no.) City State ZIP Code *1902320* *1902320* 1. Check if you are a first-time estimate filer. 2. Check if your address has changed. 3. Amount of payment: 4. If you are a fiscal year filer, enter month/year ending: NOTE: If you are married and plan to file a joint 2025 return with your spouse, enter your spouse's name and social security number in the spaces provided. Pay your estimated tax electronically using the Maine Tax Portal at revenue.maine.gov and eliminate the need to file Form 1040ES-ME or detach and mail this voucher with check or money order payable to Treasurer, State of Maine, to: Maine Revenue Services, P .O. Box 9101, Augusta, ME 04332-9101. Form 1040ES-ME 1. Check if you are a first-time estimate filer. 2. Check if your address has changed. 3. Amount of payment: 4. If you are a fiscal year filer, enter month/year ending: NOTE: If you are married and plan to file a joint 2025 return with your spouse, enter your spouse's name and social security number in the spaces provided. Form 1040ES-ME Your First Name Initial Your Social Security Number Your Last Name Spouse's First Name Initial Spouse's Social Security Number Spouse's Last Name Address (number, street and apt. no.) City State ZIP Code Pay your estimated tax electronically using the Maine Tax Portal at revenue.maine.gov and eliminate the need to file Form 1040ES-ME or detach and mail this voucher with check or money order payable to Treasurer, State of Maine, to: Maine Revenue Services, P .O. Box 9101, Augusta, ME 04332-9101. (cut along dotted line) Maine □

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