Corporate Excise Tax Estimated Payments

Learn the steps and rules for making corporate excise tax estimated payments.

Updated: January 29, 2024

Schedule for estimated tax 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.

Note: Due to Hurricane Lee Disaster Relief, taxpayers have until February 15, 2024 to make their 4th quarter estimated payment for 2023. For more information see 2023 estimated tax information.

2024 Corporate estimated tax installments are due as follows:

• First installment is due on or before March 15, 2024.
• Second installment is due on or before June 17, 2024.
• Third installment is due on or before September 16, 2024.
• Fourth installment is due on or before December 16, 2024.

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, 2024 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, 2024 Non-Profit Entities Corporation Estimated Tax Payment Vouchers and Instructions