Reading an online article from Kiplinger's comparing state tax treatment for retirees, an interesting paragraph regarding Maine was: A senior citizen property tax credit for volunteer service is available. A municipality may adopt an ordinance to allow resident homeowners who are at least 60 years old to earn up to $750 in benefits by volunteering to provide services to the municipality. The benefits are not subject to Maine income tax.
Read more at
State-by-State Guide to Taxes on Retirees-Kiplinger
Anyone live in a municipality where this applies? I happen to volunteer in my town (Cape Elizabeth) and am over 60, but doubt we have such an ordinance. I will check next week and suggest other volunteers check with their town as well.
Also, while on the subject of taxes, do you know that if you itemize your deductions, you can deduct as part of your charitable contributions the portion of the annual cost of your vanity license plates that goes toward the charity involved. For instance, if you have the lobster license plate, $10.00 of your fee is considered a donation to the Lobster Research Education and Development Fund. And the excise tax you pay with your vehicle registration is considered tax deductible under "personal property taxes", again if you itemize. Both of these items were explained to me by my municipal clerk when I asked, and when registering our vehicles and buying a vanity plate.