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

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.