Maine Capital Gains Calculator

Calculate your federal and Maine capital gains tax liability

2025

Calculate Your
Maine Capital Gains Tax

Maine taxes capital gains as ordinary income using a progressive system with rates up to 7.15%.

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Maine Capital Gains Tax Highlights

Top rate 7.15%
Taxes as ordinary income
No special deductions
y

Enter Your Investment Details

Calculate your capital gains tax for Maine

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📊 Enter your annual taxable income before including this capital gain. This determines your capital gains tax bracket.

📊 Choose your investment holding period

Calculator optimized for Maine tax rates

Tax Calculation Results

Your capital gain is: $0.00
Estimated capital gains tax: $0.00
Federal Tax: $0.00
Maine Tax: $0.00
Net Proceeds After Tax: $0.00
Effective Tax Rate: 0.00%
Disclaimer: Estimate excludes NII taxes, deductions, credits, and losses. Consult a tax advisor.

How Maine Taxes Capital Gains

Maine taxes capital gains as ordinary income using a progressive system with rates up to 7.15%.

2025 Tax Brackets

0% Rate (Single): Up to $48,350
15% Rate (Single): $48,351 - $533,400
20% Rate (Single): Over $533,400

Maine Tax Details

Tax Rate Structure

Top Rate: 7.15%

Capital gains are taxed as ordinary income using progressive tax brackets.

Key Requirements

Filing Required: If gain exceeds threshold
State Due Date: April 15

Maine Tax Strategies

  • • Consider timing of asset sales for tax efficiency
  • • Coordinate with federal capital gains strategies
  • • Review loss harvesting opportunities

• Consult with Maine tax professional for complex situations

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Real Estate in Maine

Real estate capital gains in Maine are subject to both federal and state tax considerations:

Maine Real Estate Tax Rate

Real estate capital gains in Maine are taxed as ordinary income up to 7.15%.

Primary Residence

Federal Rules

Federal Exclusion: $250K/$500K
Holding Period: 2 of 5 years

Maine State Rules

State tax applies to gain above federal exclusion

Must file state return if gain exceeds exclusion

Additional Requirements:
  • • Follows federal IRC Section 121.

Investment Property

Tax Deferral Strategies

1031 Like-Kind Exchanges

Defer federal taxes on investment property exchanges

1031 Conformity: ✓ Yes
Bonus Depreciation: ✗ Not Allowed

Transfer Costs

Transfer Tax

State Rate: $2.20 per $500 of value
Paid By: negotiable
Available Exemptions:
  • • Certain family transfers
  • • Gifts
  • • Transfers to secure a debt.

Recording Fees

Deed Recording: $22 for the first page, $2 for each additional page.
Mortgage Recording: $22 for the first page, $2 for each additional page.
Additional Fees:
  • • A $1 surcharge may apply for the Maine Land Use Planning Commission.
Special Deductions & Notes:
  • • Depreciation recapture income is taxed as ordinary income.

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Property Tax Exemptions

Homestead

$25K

Maximum exemption

Veteran

$6K

Disabled veteran exemption

Maine Real Estate Specifics

• Maine's Real Estate Transfer Tax is typically split evenly between the buyer and seller.

• Maine does not conform to federal bonus depreciation, requiring an income adjustment.

• The state offers a homestead exemption to reduce the property tax burden for residents.

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Maine Filing Requirements

Due Dates
Annual Return: April 15
Extension: October 15
Quarterly Est.:
January 15
April 15
June 15
September 15
Required Forms
  • • Form 1040ME
  • • Capital gains schedule
  • • Federal Form 8949 & Schedule D
Payment Options
  • • Online payment portal
  • • Electronic funds transfer
  • • Check or money order

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Compare Maine to Other States

new hampshire
massachusetts
vermont

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© 2025 CapitalGainsTaxCalculator.us - For informational purposes only. Consult a tax professional for advice.