Massachusetts Underpayment of Massachusetts Estimated Income Tax
Extracted from PDF file 2022-massachusetts-form-m-2210.pdf, last modified November 2022Underpayment of Massachusetts Estimated Income Tax
Massachusetts Department of Revenue Form M-2210 Underpayment of Massachusetts Estimated Income Tax 2022 (For filers of Form 1, 1-NR/PY, Form 3M, NRCR, and 63D-ELT) Enclose this form with your return. Electronic filing requirements may apply (see TIRs 16-9 and 21-9). Print in ink or type. Name(s) as shown on page 1 of return Social Security or Federal Identification number Exceptions to the underpayment penalty ● You are a qualified farmer or fisherman filing and paying your full amount due on or before March 1, 2023. ● You were a resident of Massachusetts for 12 months and not liable for taxes during 2021. ● Your estimated payments and withholding equal or exceed your 2021 tax (where taxable year was 12 months and a return was filed). Part 1. Figuring your underpayment 1 Enter 2022 tax. See instructions.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Total credits. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Balance. Subtract line 2 from line 1. Not less than 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Enter 80% of line 3 or 66.67% of line 3 if you are a qualified farmer or fisherman. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Enter 2021 tax liability after credits (from 2021 return) (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Enter the smaller of line 4 or line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Enter in col’s. a through d (respectively) the installment dates of the 15th day of the 4th, 6th and 9th months of the taxable year and the 1st month of the succeeding taxable year. See instructions. . . . . . . . . . . . . . . . . . . . . . . . 7 8 Divide the amount in line 6 by the number of installments required for the year. Enter the result in the appropriate columns. . . . . . . . 8 9 Estimated taxes paid and taxes withheld for each installment . . . . . . . . . . . . . . . . . . . . . 9 – Installment due dates – a. b. c. d. April 15, 2022 June 15, 2022 September 15, 2022 January 15, 2023 10 Overpayment of previous installment. . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Total. Add lines 9 and 10 . . . . . . . . . . . . . . . . 11 12 Overpayment. Subtract line 8 from line 11. . . 12 13 Underpayment. Subtract line 11 from line 8. . 13 2022 FORM M-2210, PAGE 2 Name(s) as shown on page 1 of return Social Security or Federal Identification number Part 2. Figuring your underpayment penalty 14 Enter the date you paid the amount in line 13 or the 15th day of the fourth month after the close of the taxable year, whichever is earlier. See instructions. . . . . . . . . . . . . . . . . . . . . . . 14 15 Number of days from the due date of installment to the date shown in line 14. . . . . 15 16 Number of days in line 15 after 4/15/22 and before 7/1/22. See instructions. . . . . . . . 16 17 Number of days in line 15 after 6/30/22 and before 10/1/22. . . . . . . . . . . . . . . . . . . . . 17 18 Number of days in line 15 after 9/30/22 and before 1/1/23. . . . . . . . . . . . . . . . . . . . . . 18 19 Number of days in line 15 after 12/31/22 and before 4/15/23. . . . . . . . . . . . . . . . . . . . . 19 20 Underpayment in line 13 × (number of days in line 16 ÷ 365) × 5%. See instructions . . . . 20 21 Underpayment in line 13 × (number of days in line 17 ÷ 365) × 6% . . . . . . . . . . . . . . . . . . 21 22 Underpayment in line 13 × (number of days in line 18 ÷ 365) × 7% . . . . . . . . . . . . . . . . . . 22 23 Underpayment in line 13 × (number of days in line 19 ÷ 365) × *%. . . . . . . . . . . . . . . . . . . 23 24 Penalty. Add all amounts shown in lines 20 through 23. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 *Rate to be determined. 2022 FORM M-2210, PAGE 3 Name(s) as shown on page 1 of return Social Security or Federal Identification number Part 3. Annualized income installment method Jan. 1–March 31 Jan. 1–May 31 1 Taxable 5.0% income each period (including long-term capital gain income taxed at 5.0%). 1 2 Annualization amount . . . . . . . . . . . . . . . . . . . 2 Jan. 1–August 31 Jan. 1–December 31 4 2.4 1.5 1 4 2.4 1.5 1 20% 40% 60% 80% 3 Multiply line 1 by line 2. . . . . . . . . . . . . . . . . . . 3 4 Tax on amount in line 3. Multiply line 3 by .05. 4 5 Taxable 12% income each period . . . . . . . . . . 5 6 Annualization amount . . . . . . . . . . . . . . . . . . . 6 7 Multiply line 5 by line 6. . . . . . . . . . . . . . . . . . . 7 8 Tax on amount in line 7. Multiply line 7 by .12 . 8 9 Total tax. Add lines 4 and 8 . . . . . . . . . . . . . . . 9 10 Total credits . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Total tax after credits. Subtract line 10 from line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Applicable percentage. . . . . . . . . . . . . . . . . . 12 13 Multiply line 11 by line 12. . . . . . . . . . . . . . . . 13 14 Enter the combined amounts of line 20 from all preceding periods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Subtract line 14 from line 13. If less than 0 enter 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Divide line 6 of Form M-2210 by 4 and enter result in each column. . . . . . . . . . . . . . 16 17 Enter the amount from line 19 of this worksheet for the preceding column. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Add lines 16 and 17. . . . . . . . . . . . . . . . . . . . 18 19 If line 18 is more than line 15, subtract line 15 from line 18. Otherwise enter 0. . . . . . . . . 19 20 Enter the smaller of line 15 or line 18 here and on Form M-2210, line 8. . . . . . . . . . 20 Form M-2210 Instructions General Information Line-by-Line Instructions Who should use this form. If you are an individual, or a taxpayer taxed as an individual, you should use Form M-2210 to determine if your estimated and/or withholding tax payments were sufficient. If they were not, an underpayment penalty will be imposed, unless you qualify for one of the exceptions or waivers explained below. Figuring your underpayment & penalty. To determine the underpayment amount, complete lines 1 through 13, in order of installment due dates, taking care to complete all four columns for lines 7 through 13. When are estimated tax payments due? Generally, your estimated tax must be paid in full on or before April 15, or in equal installments on or before April 15; June 15; September 15; and January 15 of the next year. If your tax year is not on a calendar year basis, the due dates correspond with your fiscal year. Your due dates will be the 15th day of the fourth, sixth and ninth months of your fiscal year and the 15th day of your next fiscal year. Whenever a due date falls on a Saturday, Sunday or legal holiday, the payment may be made on the next succeeding business day. Filing estimated tax vouchers. You are required to file estimated tax vouchers if you reasonably expect to pay more than $400 in Massachusetts income tax on income which is not covered by withholding. For further information regarding estimated taxes, see the instructions for Form 1-ES Payment Vouchers or the publication Should You Be Paying Estimated Taxes? Exceptions which avoid the penalty. No underpayment penalty will be imposed if: • Your 2022 tax due after credits and withholding is $400 or less. • You were a qualified farmer or fisherman who filed and paid in full with your return by March 1, 2022. To qualify, your gross income from farming or fishing must be at least two-thirds of the annual gross income shown on your 2021 or 2022 return. • You were a resident of Massachusetts for the full 12 months of the previous taxable year and were not liable for taxes. • Your 2022 estimated payments and withholding (line 8) made on or before each installment due date in the taxable year equal or exceed the tax shown on your 2021 return divided among the four installment due dates provided that such return was for a full 12-month period. New - Exceptions to avoid penalty for Form 63D-ELT Filers. No underpayment penalty will be imposed for a Form 63D-ELT filer if: • The 2022 tax due after credits and withholding is $400 or less; or • The 2022 estimated payments and withholding (line 8) made on or before each installment due date in the taxable year equal or exceed the tax shown on the 2021 return divided among the four installment due dates provided that such return was for a full 12-month period. Fill in the “Exception” oval on line 12 and enclose Form M-2210 with the return. If you qualify for an exception, do not complete lines 14 through 24. Instead, check the appropriate box on the front of this form and fill in the “Exception. Enclose Form M-2210” oval on the Form 1, Form 1-NR/PY or Form 63D-ELT. Enclose this form with your return. Note: If you qualify for the first exception (your 2021 tax due after credits and withholding is $400 or less) you do not need to complete Form M-2210. Waiver of underpayment penalty. A waiver of underpayment penalty for one or more installments may be granted if: • Your underpayment was by reason of casualty, disaster or unusual circumstance; or • You retired in 2021 or 2022 after reaching age 62, or you be came disabled and your underpayment was due to reasonable cause and not willful neglect. If you qualify for the waiver, complete lines 7 through 13 for the installment for which you are claiming a waiver, and write “WAIVER” in the appropriate box in line 14. Fill in the “EX” oval on the back of Form 1 or Form 1-NR/PY. Enclose this form and an explanation of your reasons for claiming the waiver with your return. Line 1 Enter total tax for 2022. Based on what return has been filed, refer to Form 1, line 28; Form 1-NR/PY, line 32; Form 3M, line 9; Form 63D-ELT, Calculation line 2; or Form MA NRCR, line 14. Line 2 Enter total credits for 2022. Based on what return has been filed, refer to Form 1, lines 29 through 31 and line 48; Form 1-NR/PY, lines 33 through 35 and line 52; or Form NRCR, line 22. Note: If you are filing Form 3M or Form 63D-ELT, do not complete line 2. Line 5 • If you filed a return for 2021 and it was for a full 12 months, enter your 2021 tax liability after credits. • If you were a resident of Massachusetts for 12 months in 2021 and you were not liable for taxes, enter 0. • If you did not file a return for 2021, or if your 2021 tax year was less than 12 months, do not complete line 5. Instead, enter the amount from line 4 in line 6. • If you are filing Form 3M or Form 63D-ELT, enter 2021 tax liability. Line 9 If more than one payment is made for a given installment, attach a separate penalty computation for each payment. If you had any taxes withheld during the year, you may apply an equal part of those taxes as payment on each required installment. If you can establish the actual dates and amounts of your withholding, you may consider those amounts as payments on the dates they were actually withheld. Line 12 If line 12 shows an overpayment, that overpayment may be used as payment of any existing underpayment amount. Overpayments used as payments of prior underpayment amounts do not decrease the actual underpayment amount but serve to reduce instead the period of underpayment subject to penalty. If there are no existing underpayment amounts, the overpayment is applied as a credit against the next installment. Line 13 If line 13 shows an underpayment, see the General Information section to determine whether you qualify for an exception to, or waiver of, the underpayment penalty. If you do not qualify, continue on through line 24 to determine your underpayment penalty. Line 14 For tax year 2022 calendar year filers the 15th day of the fourth month after the close of the taxable year is April 15, 2023. Line 24 Add all amounts shown in lines 20 through 23. Enter this amount on Form 1, under line 54; Form 1-NR/PY, under line 58; Form 3M, line 21a; Form 63D-ELT, Calculation line 12; or Form NRCR, line 30. Part 3. Annualized income installment method. If you do not receive taxable income evenly throughout the year, you may wish to annualize your income to adjust your required installment amount. Enter any adjusted installment amount in the appropriate column in line 8 and calculate any underpayment penalty from those figures. Write “ANNUALIZED” under the column in line 24. Fiscal year taxpayers. If you file on a fiscal year basis and are subject to an underpayment penalty, attach a separate statement to calculate the penalty due based on the interest rate in effect for the period of the underpayment.
Form M-2210
More about the Massachusetts Form M-2210 Individual Income Tax Estimated TY 2022
If you are an individual, or a taxpayer taxed as an individual, you should use Form M-2210 to determine if your estimated and/or withholding tax payments were sufficient. If they were not, an underpayment penalty will be imposed, unless you qualify for one of the exceptions or waivers explained below.
We last updated the Underpayment of Massachusetts Estimated Income Tax in January 2023, so this is the latest version of Form M-2210, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form M-2210 directly from TaxFormFinder. You can print other Massachusetts tax forms here.
Related Massachusetts Individual Income Tax Forms:
TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Massachusetts Form M-2210.
Form Code | Form Name |
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Form M-2210A | Annualized Income Installment Worksheet |
Form M-2210F | Underpayment of Massachusetts Estimated Income Tax by Fiduciaries |
View all 127 Massachusetts Income Tax Forms
Form Sources:
Massachusetts usually releases forms for the current tax year between January and April. We last updated Massachusetts Form M-2210 from the Department of Revenue in January 2023.
Form M-2210 is a Massachusetts Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Massachusetts Form M-2210
We have a total of twelve past-year versions of Form M-2210 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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