Gasoline Tax: 49.80 cents/gallon (Includes all state, local, and federal taxes)
Diesel Fuel Tax: 56.27 cents/gallon (Includes all state, local, and federal taxes)
Personal Income Tax
Personal Income Tax Rate Range: 5.8% ($0-$26,800)/6.75% ($26,801-$63,450)/7.15% (over $63,450). Download state tax forms for more info/table.
Standard deduction: Single Filing Status: $15,000.
Personal Exemption Allowance: $5,150 (dependents structured as $300 tax credit). Subject to phase-out.
Itemized Deductions Allowed?: Yes, subject to limitations
Retirement Income
Social Security: Exempt
IRAs: Taxable at ordinary income tax rates*
401Ks/Defined contribution employer retirement plans: Taxable at ordinary income tax rates*
Private pensions: Taxable at ordinary income tax rates*
Public Pensions: Taxable at ordinary income tax rates* (Maine public employees' pension may be exempt)
Military Pay
Active Duty Pay: Taxable to the extent included in federal Adjusted Gross Income
Military Retirement Pay: Exempt; a 2025 law extended this exemption to cover income received from service in the U.S. Commerce Department, USPHS, or NOAA.
Military Disability Pay: Exempt
VA Disability Dependency & Indemnity Compensation Benefits: Exempt
SBP/SSBP/RCSBP/RSFPP: Exempt
*Exemptions of up to $35,000 of retirement income are available; must be reduced by Social Security benefits first.
Property Tax
Local municipalities average 1.10% of the property's assessed value.
Calculation of assessed value: 100% of fair market value
Relief programs for:
Owner-Occupied: $25,000 of assessed value may be excluded.
Property Tax Fairness Credit: Credit of up to $4,250 if meet income requirements.
Premium and Life members can consult our financial staff for education and consumer advice.
Looking to get more out of your membership? MOAA has nearly 400 chapters around the country, along with several virtual chapters. Get involved by finding one and joining today!
