Maine’s 2024 withholding methods were released Nov. 14 by Maine Revenue Services.
The value of a state allowance in the percentage method is $5,000, up from $4,700. The maximum standard deduction used to calculate withholding is $11,750 for single employees or $26,350 for married employees, up from $11,000 or $24,850.
The maximum standard deduction applies to single employees who earn up to $97,150 annually, up from $91,500, and to married employees who earn up to $194,300, up from $183,050.
The standard deduction then decreases according to a formula until it reaches zero for single employees who earn at least $172,150, ...
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