Payroll and Entitlements Editorial Staff
Maine has issued 2020 wage-bracket and percentage method withholding tables. All of the tables are reproduced in the Payroll Management Guide at ¶6548 and ¶6549 The 2020 Maine personal exemption amount is $4,300 and the Maine basic standard deduction amounts are $12,400 for single and $24,800 for married individuals filing joint returns. Also, the Maine standard deduction amounts for 2020 are phased out for single taxpayers with Maine income over $82,900 and married taxpayers filing joint returns with Maine income over $165,800. The Maine basic standard deduction amounts listed above differ slightly from the standard deduction amounts used to calculate Maine withholding. The percentage method for calculating Maine withholding and the withholding tables have been adjusted to reflect the 2020 exemption and deduction amounts. The supplemental wage rate remains 5%.
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