Paint has been part of the Windows operating system since its release in 1985 and is known for its simplicity and basic artistic results.
Paint's successor, Paint 3D, will still be available.
The list was issued as part of the Windows 10 Fall Creators Update, which rolls out in the autumn.
Microsoft says that features on the list will be either removed from Windows 10 or "not in active development and might be removed in future releases".
Other features facing the axe include the Outlook Express email client, which is replaced with the built-in Mail app, and the Reader app, which will be integrated into Microsoft Edge.
