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Massachusetts Free Printable  for 2024 Massachusetts Expenses and Fiduciary Compensation

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Expenses and Fiduciary Compensation
Schedule H

Massachusetts Department of Revenue Schedule H Expenses and Fiduciary Compensation Name of estate or trust 2023 Estate or trust employer Identification number Part 1. Expense Deduction Computation For common trust fund income, see instructions for adjustments. 1a Amount paid this year for rentals of safe deposit boxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a 1b Amount paid this year for premiums on surety bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b 1 Total expenses. Add lines 1a and 1b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Total taxable Part A income. Add Schedule B, line 36 and Form 2, lines 15 and 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3a Add Schedule B, lines 4, 12, 13 and 14, and Form 2, lines 15 and 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3a 3b Common trust fund interest and dividend income included in Form 2, line 15 that is also included in Schedule B, line 4 3b 3c Massachusetts bank interest included in Schedule B, line 6 that is also included in Schedule B, line 4 . . . . . . . . . . . . . . . 3c 3d Add lines 3b and 3c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3d 3 Total taxable and nontaxable Part A income. Subtract line 3d from 3a. Not less than 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Divide line 2 by line 3 and enter percentage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Multiply line 4 by line 1 and enter the result here and on Schedule B, line 37a. This is the maximum expense deduction allowed against Part A income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Part 2. Fiduciary Compensation Deduction Computation 6 Total fiduciary compensation paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Total taxable 5.0% income from Form 2, line 7. Not less than 0.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8a Add Schedule B, lines 4, 12, 13 and 14, and Form 2, lines 15 and 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8a 8b Common trust fund interest and dividend income included in Form 2, line 15 that is also included in Schedule B, line 4 8b 8c Massachusetts bank interest included in Schedule B, line 6 that is also included in Schedule B, line 4 . . . . . . . . . . . . . . . 8c 8d Add lines 8b and 8c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8d 8 Total taxable and nontaxable Part A income. Subtract line 8d from 8a. Not less than 0.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Subtract Schedule D, line 11 from Schedule D, line 8 and add Form 2, line 32. Not less than 0.. . . . . . . . . . . . . . . . . . . . . . 9 10 Add lines 7, 8 and 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Divide line 8 by line 10 and enter percentage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Multiply line 11 by line 6 and enter the result here. This is the amount of fiduciary compensation actually paid on Part A income.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Add Schedule B, line 36 and Form 2, lines 15 and 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Total taxable and nontaxable income. Enter the amount from line 8 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Divide line 13 by line 14 and enter percentage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Multiply line 15 by line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Enter 7% of line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Enter the lesser of line 16 or line 17 here and on Schedule B, line 37b. This is the maximum fiduciary compensation deduction allowed against Part A income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Extracted from PDF file 2023-massachusetts-schedule-h.pdf, last modified August 2023

More about the Massachusetts Schedule H Individual Income Tax TY 2023

We last updated the Expenses and Fiduciary Compensation in January 2024, so this is the latest version of Schedule H, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule H directly from TaxFormFinder. You can print other Massachusetts tax forms here.


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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 Schedule H.

Form Code Form Name
Schedule HC Health Care Information
Schedule H Corp Investment Tax Credit and Carryovers
Schedule HC-CS Health Care Information Continuation Sheet
Schedule HM Harbor Maintenance Credit
Schedule H-2 Recapture Offset (OBSOLETE)

Download all MA tax forms 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 Schedule H from the Department of Revenue in January 2024.

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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 Schedule H

We have a total of twelve past-year versions of Schedule H 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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