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Corporate Excise tax estimated payments

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

Updated: April 27, 2022

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.

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%.

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