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Corporate Excise tax estimated payments

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

Updated: February 5, 2021

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:

Installment % of Estimated Tax Due Due Date from Start of Taxable Year
1st 40% 15th day of 3rd month
2nd 25% 15th day of 6th month
3rd 25% 15th day of 9th month
4th 10% 15th day of 12th month

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

Many corporations are required to pay electronically via MassTaxConnect. It is recommended that all corporations use electronic payment. See TIR 16-9.

Corporations not required to pay electronically may use a printable:

  • Form 355-ES, 2021 Corporate Estimated Tax Payment Vouchers, Instructions and Worksheets
  • Form 63FI-ES, 2021 Financial Institution Corporate Estimated Tax Payment Vouchers, Instructions and Worksheets

  • Form 63-29A-ES, 2021 Ocean Marine Estimated Tax Payment Voucher (For informational purposes only. See TIR 16-9).

  • Form UBI-ES, 2021 Estimated Tax Payment Voucher for filers of Forms 3M, M-990T and M-990T-62

  • Form 121A-ES, 2021 Urban Redevelopment Corporation Estimated Excise Payment Voucher (For informational purposes only. See TIR 16-9).
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