Corporate Excise Tax Estimated Payments

All corporations that reasonably estimate their corporate excise to be in excess of $1,000 for the taxable year are required to make estimated tax payments to Massachusetts.

Estimated taxes must either be:

• Paid in full on or before the 15th day of the third month of the corporation's taxable year or
• Paid in four installments according to the schedule below.

Corporate estimated tax installments are due as follows:

• First installment: 40% of estimated tax is due on or before March 15th.
• Second installment: 25% of estimated tax is due on or before June 15th.
• Third installment: 25% of estimated tax is due on or before September 15th.
• Fourth installment: 10% of estimated tax is due on or before December 15th.

Note: New corporations in their first full taxable year with less than 10 employees have different estimated payment percentages: 30%, 25%, 25% and 20%.

• Form 355-ES, 2023 Corporate Estimated Tax Payment Instructions and Worksheet

  • Form 355-ES must be filed electronically through MassTaxConnect.

    • See Technical Information Release 21-9 for more information.

    • Go to the MassTaxConnect video tutorial, How to Make an Estimated Payment

• Form UBI-ES, 2023 Non-Profit Entities Corporation Estimated Tax Payment Vouchers and Instructions