Massachusetts Personal Income Computation of Tax


Start with Federal Gross Income

+ Income Excluded from Federal but included in Massachusetts

Income Excluded from Massachusetts but Included in Federal

= Massachusetts Gross Income (Filing Requirement if in excess of $8,000)  


Income Included but Then Deducted

Massachusetts Gross Income is Divided into Three Parts :

(Schedule B)(Form 1 or 1-NR/PY)(Schedule D)

Gross Income
Interest, Dividends and Certain Capital Gains and Losses

Gross Income  
All Income Not Included in Schedules B and D

Gross Income
Long-Term Capital Gains and Losses Excluding Collectibles

(MA Adjustments/Offsets) =

(Federal Deductions, Schedules Y, Lines 1-10) =

(MA Adjustments/Offsets) =

*Adjusted Gross Income
(Schedule B, Line 35)

*Adjusted Gross Income

*Adjusted Gross Income
(Schedule D, Line 18)

 

(MA Deductions Form 1, Line 11-14; and Schedule Y, line 11-16) =

 

(MA Exemptions) =

(MA Exemptions) =

(MA Exemptions) =

Taxable Income

Taxable Income

Taxable Income

Tax Rate =

Tax Rate =

Tax Rate =

Income Tax

Income Tax

Income Tax

* No Tax Status If Massachusetts Gross Income less certain deductions (AGI) is below certain thresholds, there is no tax due, but taxpayer is still required to file a return


Total Income Tax - Combine Schedule B, Form 1 and Schedule D income tax

Nonrefundable Credits

= Income Tax After Credits (not below 0)

+ Voluntary Contributions + Use Tax Due and  Health Care Penalty

Estimated Tax Payments, Extension Payments  and Withholding

Refundable EIC Credit

Refundable Circuit Breaker Credit

= Overpayment or Tax Due