18-125-811 Me. Code R. § 02
Current through 2024-51, December 18, 2024
Subject to the limitations set forth in this rule, a Maine resident taxpayer who is a qualified individual under 36 M.R.S. §5217-E may claim on their Maine income tax return the Maine SLRTC for certain eligible education loan payments made during the taxable year and certain unused credit amounts under the Maine educational opportunity tax credit (see 36 M.R.S. §5217-D), that are related to the award of an associate, bachelor's, or graduate degree after December 31, 2007. The SLRTC is refundable.
Married taxpayers who are qualified individuals and filing jointly may each separately claim the credit based upon their separately earned incomes.
18-125 C.M.R. ch. 811, § 02