The 2025 tax season has begun. This year, there are a number of refundable tax credits that can actually put money in your pocket. Here is a list of  credits with links for more information. If you’re getting help with tax preparation, ask your preparer about eligibility.

Earned Income Tax Credit (EITC)
The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families get a tax break. If you qualify, you can use the credit to reduce the taxes you owe – and maybe increase your refund. You may claim the EITC if your income is low- to moderate. The amount of your credit may change if you have children, dependents, are disabled or meet other criteria. Read More

Maine Earned Income Credit (EIC)
For tax years beginning on or after January 1, 2022, the Maine EIC is equal to 25% (50% for taxpayers with no qualifying children) of the federal earned income tax credit. Taxpayers who filed a federal income tax return using a federal individual taxpayer identification number (ITIN) issued by the Internal Revenue Service, or who are 18 to 24 years of age and have no qualifying children, and are otherwise qualified for the federal earned income tax credit may also be eligible to claim the Maine EIC. Read More

Child Tax Credit (CTC)
The Child Tax Credit helps families with qualifying children get a tax break. You may be able to claim the credit even if you don’t normally file a tax return. You can claim the Child Tax Credit for each qualifying child who has a Social Security number that is valid for employment in the United States. Read More

American Opportunity Tax Credit (AOTC)
The American opportunity tax credit (AOTC) is a credit for qualified education expenses paid for an eligible student for the first four years of higher education. You can get a maximum annual credit of $2,500 per eligible student. If the credit brings the amount of tax you owe to zero, you can have 40 percent of any remaining amount of the credit (up to $1,000) refunded to you. Read More

Premium Tax Credit (PTC)
The premium tax credit – also known as PTC – is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace. Read More

Sales Tax Fairness Credit
Eligible Maine taxpayers may receive a refundable Sales Tax Fairness Credit (STFC) on the Maine individual income tax return whether they owe Maine income tax or not. Read More  Updated 2024 form

Property Tax Fairness Credit
Eligible Maine taxpayers may receive a portion of the property tax or rent paid during the tax year on the Maine individual income tax return whether they owe Maine income tax or not. Read More Updated 2024 Form

Maine Child Tax Credit
Eligible Maine taxpayers may receive $300 for each child and dependent of the taxpayer for whom the federal child tax credit is claimed for the same year. Read More