The Massachusetts Department of Revenue has released the following 2007 FINAL income tax forms. These forms reflect all known changes and DOR revisions and are subject only to further federal or state legislative action.
Please note that all forms are in PDF format and require the free Adobe Acrobat Reader.
Upon request, forms are available in an alternative format. Please send your request to: Massachusetts Department of Revenue, Office of Diversity and Equal Opportunity, PO Box 9557, Boston, MA 02114-9557.
Before filing a paper return, please learn more about the advantages of E-filing. Remember, E-filers receive their refunds in an average of 4 days. E-file also allows for convenient payment options.
In addition to updating the obvious year-end dates, the following changes have been made to Form 1, Form 1-NR/PY and schedules:
Form 1 and Form 1-NR/PY, resident and certain part-year resident taxpayers must file the new Schedule HC, Health Care Information, to calculate the amount of their personal exemption. Under the new health care mandate, taxpayers age 18 and over must have health insurance by December 31, 2007. Those who do not, with certain exceptions, will lose their personal exemption;
Form 1 and Form 1-NR/PY personal exemption amounts increased to $4,125 for single and married filing separate, $6,375 for head of household and $8,250 for married filing jointly;
Form 1, line 15 and Form 1-NR/PY, line 19 Schedule Y line reference changed from line 17 to line 16;
Schedule Y, line14, Home heating fuel deduction, removed (deduction expired) and Schedule Y renumbered accordingly;
Schedule B, line 36 and Schedule D, line 19, text referring to excess home heating fuel deduction deleted (deduction expired);
Form 1-NR/PY, Schedule NTS-L-NR/PY, line 11, No Tax Status amounts for married filing a joint return changed to $15,850 plus $1,000 per dependent and for head of household to $13,975 plus $1,000 per dependent;
Form 1-NR/PY, Schedule NTS-L-NR/PY, line 12, Limited Income Credits amounts for married filing a joint return changed to $27,738 plus $1,750 per dependent and for head of household to $24,456 plus $1,750 per dependent; and
Form 1-NR/PY, Schedule F, Credit for Income Taxes Paid to Other Jurisdictions changed to Credit for Income Taxes Due to Other Jurisdictions.
Changes made since July 15 posting:
Fill in field on Form 1 and Form 1-NR/PY, page 1 in the Exemption section for taxpayers under age 18.
Key arrows added to "Dates as Massachusetts Resident" field on Form 1-NR/PY, page 1.
Form 1, page 2, new line 41 and Form 1-NR/PY, page 3, new line 46 added for a Refundable film credit. Subsequent renumbering done accordingly.
Motion picture production companies qualify to elect a refundable film credit if they have not transferred or carried forward a portion of the film credit for the production/certificate number to be refunded. Transferees of the film credit do not qualify for the refundable film credit.
If an election to refund the film credit for a production/certificate number is made, the entire film credit remaining after reducing tax liability and other credits will be refunded at 90%. It is not allowed to partially refund and partially transfer or carryover the film credit.
Schedule HC, extensive text and formatting changes throughout from original posting. New page 3 for Appeals.
Changes made since August 24 posting:
Schedule CB, Line 2 "Assessed value of principal residence" increased to $772,000; Line 12 "Qualifying income" amounts increased to $48,000 for single, $60,000 for head of household, and $72,000 for married filing jointly; Lines 20 and 24, maximum credit allowed increased to $900.
Changes made since October 26 posting:
Form 1, line 2a and Form 1-NR/PY, line 4a, added key arrow.
Changes made since November 6 posting:
Form 1 and Form 1-NR/PY ovals added for veterans benefits.