Supported Forms

The following Massachusetts forms are supported in Drake Tax 2024. Forms denoted with can be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID	EST	e-File	Paper File
	List of Subsidiaries Requesting Extension with Form 7004
1	Resident Income Tax Return	t						P	P
1-ES	Estimated Tax Payment Voucher	t						P	P
1-NR/PY	Nonresident/Part-Year Resident	t						P	P
1 M-2210F	Underpayment of Massachusetts Estimated Income Tax for Fiduciaries					t		P	P
2	Massachusetts Fiduciary Income Tax Return					t		P	P
2-ES	Estimated Tax Payment Voucher					t		P	P
2G	Grantor’s/Owner’s Share of a Grantor-Type Trust	t				t		P	P
2-PV	Massachusetts Fiduciary Income Tax Payment Voucher					t		P	P
3	Massachusetts Partnership Return of Income				t			P	r
355	Business or Manufacturing Corporation Excise Return		t					P	P
355-7004	Corporate Extension Payment Worksheet and Voucher		t	t				P	r
355-A	Schedule A355 and 355S Schedule A		t	t				P	P
355-CAR	MA Corporation Annual Report		t	t				r	P
355-ES	Corporate Estimated Tax Payment Voucher		t	t				P	r
355-PAR	MA Professional Annual Report		t	t				r	P
355-PV	Payment Voucher		t					P	r
355-S	S Corporation Distributive Income			t				P	r
355S	S Corporation Excise Return			t				P	r
355-SHR	Attachment for Annual Report – Shareholders		t	t				r	P
355S-PV	Massachusetts Corporate Tax Payment Voucher			t				P	r
CRFS	Composite Return Filing Statement			t	t			P	r
CRPPMT	MA Corporate Payment					t		P	r
EFO	Personal Income Tax Declaration of Paper-Filing	t						r	P
M-706	Massachusetts Estate Tax Return						t	r	P
M-1310	Statement of Person Claiming Refund Due a Deceased Taxpayer	t						r	P
M-2210	Underpayment of Massachusetts Estimated Income Tax	t		t	t	t		P	P
M-2220	Underpayment of Massachusetts Estimated Tax by Corporations		t	t				P	r
M-2848	Power of Attorney and Declaration of Representative	t	t	t	t	t	t	r	P
M-4422	Application for Certificate Releasing Massachusetts Estate Tax Lien						t	r	P
M-4868	Application for Automatic Extension to File	t		t	t			P	P
M-8453	Individual Income Tax Declaration for Electronic Filing	t						r	P
M-8453 CR	Nonresident Composite Return Tax Declaration for Electronic Filing			t	t			r	03/08
M-8453C	Corporate Tax Declaration for Electronic Filing		t	t				r	P
M-8453F	Fiduciary Tax Declaration for Electronic Filing					t		r	P
M-8453P	Partnership Tax Declaration for Electronic Filing				t			r	P
M-8736	Fiduciary Extension Payment Worksheet and Voucher					t		P	P
M-9325	Electronic Filing Information Handout	t						r	P
M-NRA	Massachusetts Nonresident Decedent Affidavit						t	P	r
MA63D-ELT	Entity-Level Tax			t	t	t		P	r
MA NRCR	Nonresident Composite Return			t	t			P	r
MAEF-PV	e-File ACH Payment Information	t						P	r
PTE-EX	Withholding Exemption Certificate for Members of a Pass-Through Entity	t	t	t	t	t		P	P
PV	Massachusetts Income Tax Payment Voucher	t						P	P
PWH-WA	Performer or Performing Entity Withholding Allocation Form	t						P	P
R/NR	Part-Year/Non-Resident Combined Worksheet	t						P	P
Schedule 2K-1	Beneficiary’s Massachusetts Information					t		P	P
Schedule 3K-1	Partner’s Massachusetts Information				t			P	r
Schedule 4% Surtax	Schedule 4% Surtax	t				t		P	P
Schedule A	Balance Sheet		t	t				P	P
Schedule ABI	Exceptions to the Add Back of Interest Expenses		t	t				P	P
Schedule ABIE	Exceptions to the Add Back of Intangible Expenses		t	t				P	P
Schedule B	Interest and Dividends	t						P	P
Schedule B	Interest, Dividends and Certain Capital Gains and Losses					t		P	P
Schedule B	Tangible or Intangible Property Corp. Classification		t	t				P	P
Schedule B/R	Beneficiary/Remaindermen					t		P	P
Schedule C	Profit or Loss from Business	t						P	P
Schedule C	Tangible Property Corporation		t	t				P	P
Schedule CB	Circuit Breaker Credit	t						P	P
Schedule CRS	Credit Recapture Schedule	t	t	t	t	t		P	P
Schedule D	Capital Gains and Losses					t		P	P
Schedule D	Long-Term Capital Gains and Losses Excluding Collectibles	t						P	P
Schedule D	Intangible Property Corporation		t	t				P	P
Schedule D-IS	Installment Sale	t						P	P
Schedule DI	Schedule DI	t						P	P
Schedule DRE	Disclosure of Disregarded Entity		t	t				P	P
Schedule E	Reconciliation Total Supplemental Income and (Loss)	t				t		P	P
Schedule E	Taxable Income		t	t				P	P
Schedule E-1	Dividends Deduction		t	t				P	P
Schedule E-1	Income or Loss from Real Estate and Royalties	t						P	P
Schedule E-2	Income or Loss from Partnerships and S Corporations	t						P	P
Schedule E-3	Income for Loss from Estates and Trusts	t						P	P
Schedule EC	Solar or Wind Energy Credit	t						P	P
Schedule EDIP	Refundable Economic Development Incentive Program Credit	t	t	t	t			P	P
Schedule EOAC	Economic Opportunity Area Credit	t	t	t	t	t		P	P
Schedule F	Income Apportionment		t	t				P	P
Schedule FAF	Farming and Fisheries Credit	t			t	t		P	P
Schedule FCI	Foreign Corporation Income of U.S. Shareholder	t			t	t		P	P
Schedule FE	Report with Respect to Foreign Entities	t	t	t			t	P	P
Schedule H	Investment Tax Credit and Carryovers		t	t				P	P
Schedule H	Expenses and Fiduciary Compensation					t		P	P
Schedule HC	Health Care Information	t						P	P
Schedule HM	Harbor Maintenance Credit		t	t				P	r
Schedule INC	Form W-2 and 1099 Information	t						P	P
Schedule IDD	Income Distribution Deduction					t		P	P
Schedule LP	Credit for Removing or Covering Lead Paint on Residential Premises	t			t	t		P	P
Schedule M-1	Federal Reconciliation		t	t				P	r
Schedule NOL	Net Operating Loss		t	t				P	P
Schedule NTS-L-NRPY	No Tax Status and Limited Income Credit	t						P	P
Schedule OJC	Income Tax Paid or Other Jurisdictions	t				t		P	P
Schedule RC	Research Credit		t	t				P	P
Schedule RLSC	Refundable Life Science Credit Life Science Company	t	t	t	t	t		P	P
Schedule SC	Septic Credit for Repairing or Replacing a Failed Cesspool or Septic System	t						P	P
Schedule SK-1	Shareholder’s Massachusetts Information			t				P	r
Schedule TDS	Taxpayer Disclosure Statement	t	t	t	t	t		P	P
Schedule TTP	Tax Treaty Positions		t	t				P	r
Schedule VP	Vanpool Credit		t	t				P	P
Schedule X	Other Income	t						P	P
Schedule Y	Other Deductions	t						P	P

Modified Forms

• Form 1, Massachusetts Resident Income Tax Return, and Form 1-NR/PY, Massachusetts Nonresident/Part-Year Tax Return

  • Lines 5a and 5b (Form 1) and 7a and 7b (Form 1-NR/PY), have been removed

  • Line 46 (Form 1) and 50 (Form 1-NR/PY) - Child and Family Tax Credit, has increased to $440 per dependent

  • Line 14b (Form 1-NR/PY) interest income, has been removed

• Schedule 4% Surtax

  • The surtax threshold for line 5 is $1,053,750

• Schedule CB, Circuit Breaker Credit

  • The assessed value of the real estate limit on line 2 has changed to $1,172,000

  • The qualifying income limit on line 9 changed to $72,000 (Single), $91,000 (head of household), and $109,000 (married filing jointly)

  • The maximum credit on lines 17 and 21 have increased to $2,730

New Credit

Training Tax Credit for Emergency Assistance

Tax Law Changes

• MA banks deduction of interest — Effective for taxable years beginning on or after January 1, 2024, the deduction previously allowed for a deduction of up to $100 ($200 for joint filers) of interest from MA banks is repealed.

• Requirements for MA Married Filing Jointly returns — For tax years beginning on or after January 1, 2024, married couples must file a joint personal income tax return for any year in which they file a joint federal income tax return, unless an exception applies.

• The Qualified Veterans Hire Tax Credit increased to $2,500

• The Septic Credit has been expanded to included expenses incurred for repairs, replacements, upgrades or sewer connections that are required by Title 5 of the State Environmental Code, 310 CMR 15.000, or a watershed permit issued by the Department of Environmental Protection.