You were a resident of Massachusetts for 12 months of the prior tax year and not liable for taxes.You are a qualified farmer or fisherman and paying your full amount due on/before March 1.Your income tax due after credits and withholding is $400 or less.You will not be penalized for underpaying if you qualify for one of the following exceptions: Indicate which exception applies to your circumstances on the Form M-2210 and submit the Form M-2210 with your Massachusetts tax return. If you meet one of the exceptions to the underpayment penalty, fill in the oval marked "Exception" below the M-2210 amount box under Line 50 on Form 1 or Line 54 on Form 1-NR/PY. Penalty for underpayment of estimated tax Amended returns cannot change what you originally report as an overpayment to be carried forward, even if a tax increase is being reported on the amended return. Once you choose to apply an overpayment to the next year, it cannot be refunded later or moved back to the original year, even if you file an amended return. If you want the refund to be carried forward, you can choose the entire amount to be carried forward or only part of it.Įnter the amount you want to be carried forward to the next year on Form 1 line 48 or Form 1-NR/PY line 52. The overpayment can either be refunded to you or carried forward to the next year as an estimated tax payment. OverpaymentĪn overpayment occurs when you pay more tax than you owe. If you elected to have all or part of your prior year refund carried forward as an estimated payment, report that amount on Form 1 line 39 or Form 1-NR/PY line 43. Report the amount of quarterly estimated tax you paid on the Massachusetts Form 1, Line 40 or Form 1-NR/PY, Line 44. If paying by check, you must include Form 1-ES or Form 2-ES and mail your payment to: Form 2-ES: 2023 Estimated Tax Payment for Filers of Forms 2 or 2G Vouchers, Instructions and worksheet.Form 1-ES: 2023 Estimated Income Tax Payment Vouchers, Instructions and Worksheet.Individuals and Fiduciaries which are not required to pay online may choose to calculate and pay with: Visit E-filing and payment requirements and Please note: Some Fiduciaries are required to pay online. Visit the MassTaxConnect video tutorial, How to Make an Estimated Payment.īefore making an estimated payment, you can calculate your payments online with DOR's Quarterly Estimated Tax Calculator. Schedule payments in advance and cancel or change scheduled payments if needed.Make estimated payments and immediately confirm that DOR has received your payment.Have 24/7 access to view your payment history.Paying online through MassTaxConnect allows you to: Individuals and Fiduciaries can make estimated tax payments online through MassTaxConnect. Income from certain pensions or retirement savings plans.Income from a trade, business, profession, partnership, or S corporation.Gains from the sale or exchange of capital assets.Unemployment compensation (if you did not elect voluntary Massachusetts withholding).Salaries and wages from employment not subject to Massachusetts withholding. ![]() Types of income you may not have had taxes withheld from: Filing for a fiduciary, trust, or non-profit organization and you expect to have a tax due of more than $400.An individual and you expect to have a tax due of more than $400.Generally, you need to pay at least 80% of your annual income tax liability before you file your return for the year through withholding or by making quarterly estimated tax payments on any income not subject to withholding.įarmers and fishermen generally need to pay at least two-thirds (66.67%), rather than 80%, of their annual income tax liability before the year's return is filed. You qualify as a farmer or fisherman for any taxable year if your gross income from farming or fishing is at least two-thirds (66.67%) of your annual gross income. This is to ensure that you are meeting the statutory requirement that taxes due are paid periodically as income is received during the year. ![]() As a taxpayer, you must make quarterly estimated tax payments if the expected tax due on your taxable income not subject to withholding is more than $400.
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