OngoingLocal job

Maine Student Loan Repayment Tax Credit

Up to $2,500 a year · Portland, Bangor, Lewiston. Verified Oct 9, 2026.

Who qualifies: Degree after 2007; Maine resident; earned-income minimum
How it is paid: Refundable state tax credit, up to $25,000 over a lifetime

A refundable credit, not a moving check. The $2,500 is the annual cap. Lifetime cap is $25,000.

What it adds to a move

Default household: One adult, renting a 1-bedroom, about $98,500 a year, local pay for this job. First-year value is the incentive after tax, plus the change in money left each month versus your current city, times 12.

Your current city

Only when you tap. We match the nearest metro and don't keep the coordinates.

Portland, ME

Left each month: $1,949
Rent: $1,867
Tax on the paycheck: $24,894
Versus Chicago: −$477/mo

Incentive in year one, before tax: $2,500
After tax: $2,500
First-year value vs Chicago: −$3,224

Portland paycheck Monthly costs Salary needed

Bangor, ME

Left each month: $1,841
Rent: $1,215
Tax on the paycheck: $20,061
Versus Chicago: −$585/mo

Incentive in year one, before tax: $2,500
After tax: $2,500
First-year value vs Chicago: −$4,520

Bangor paycheck Monthly costs Salary needed

Lewiston, ME

Left each month: $1,994
Rent: $1,289
Tax on the paycheck: $21,615
Versus Chicago: −$432/mo

Incentive in year one, before tax: $2,500
After tax: $2,500
First-year value vs Chicago: −$2,684

Lewiston paycheck Monthly costs Salary needed

In 2026, a relocation incentive or moving reimbursement is generally taxable income. The federal exclusion for moving expenses stays suspended, except for active-duty military moves and some intelligence-community moves. Figures here use this site's wage-tax calculator on top of the household shown. They are an estimate, not a tax return.

This one is a tax credit, so it is not taxed again in the year-one figure.

Home metro in this estimate: Chicago, IL. Salary needed · about 0% of the year-one incentive goes to tax.

Questions

Is Maine Student Loan Repayment Tax Credit still open?

Maine Student Loan Repayment Tax Credit is marked ongoing as of Oct 9, 2026. A refundable credit, not a moving check. The $2,500 is the annual cap. Lifetime cap is $25,000.

Do I need a remote job for Maine Student Loan Repayment Tax Credit?

Local job. Degree after 2007; Maine resident; earned-income minimum

Is Maine Student Loan Repayment Tax Credit taxable?

Maine Student Loan Repayment Tax Credit is a tax credit, so the year-one figure is not taxed a second time. In 2026, a relocation incentive or moving reimbursement is generally taxable income. The federal exclusion for moving expenses stays suspended, except for active-duty military moves and some intelligence-community moves. Figures here use this site's wage-tax calculator on top of the household shown. They are an estimate, not a tax return.

Where does Maine Student Loan Repayment Tax Credit apply?

Maine Student Loan Repayment Tax Credit is listed for Portland, Bangor, Lewiston.