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Massachusetts Free Printable  for 2021 Massachusetts Member's Individual Credits

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Member's Individual Credits
Schedule U-IC

2020 Schedule U-IC Member’s Individual Credits For calendar year 2020 or taxable period beginning Massachusetts Department of Revenue 2020 and ending Member’s name Federal Identification number Tax type: End date of group’s tax year n Financial institution  n Business corporation Name of principal reporting corporation Federal Identification number 1 Member’s total excise used for determining the credit limitation (from this member’s Schedule U-ST, line 37). . . . . . . . . . 1 Credits Subject to 50% Limitation (See instructions) 2 Total of this member’s BRWFLD, EDIPCR, EOACC, INVTAX, VACSTR and VANPOL credits used against its excise . . . . 2 3 Total of other members’ BRWFLD, EDIPCR, EOACC, INVTAX, VACSTR and VANPOL credits used by this member . . . 3 3 4 Total BRWFLD, EDIPCR, EOACC, INVTAX, VACSTR and VANPOL credits used by member against its own excise. Combine lines 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Massachusetts Research Credit 5 Total of this member’s section 38M credits used against its own excise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Total of section 38M credits of other members used by this member. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6 7 Total of all section 38M credits used by this member. Combine lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Other Credits 8 Total of this member’s other credits being used against its own excise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Total of other credits of other members being used by this member . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9 10 Total of other credits used by this member against excise. Combine lines 8 and 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Summary 11 Total of member’s own credits being used against excise. Combine lines 2, 5 and 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Credits from other members used against this corporation’s excise. Combine lines 3, 6 and 9. . . . . . . . . . . . . . . . . . . . . 12 13 Pass-through entity withholding. Payer identification number 3_ _________________________ . . . . . . . . . . . . . . . . . . 3 13
Extracted from PDF file 2020-massachusetts-schedule-u-ic.pdf, last modified October 2020

More about the Massachusetts Schedule U-IC Individual Income Tax TY 2020

We last updated the Member's Individual Credits in March 2021, so this is the latest version of Schedule U-IC, fully updated for tax year 2020. You can download or print current or past-year PDFs of Schedule U-IC 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 Schedule U-IC.

Form Code Form Name
Schedule U-TM Tax by Member
Schedule U-CI Combined Income
Schedule U-CS Credits Shared from Other Members
Schedule U-E Massachusetts Unitary or Affiliated Group Income
Schedule U-INS Payment to Insurance Companies Under Common Owners
Schedule U-M Member's Income and Expenses
Schedule U-MSI Member's Apportioned Share of Group Income
Schedule U-NOLS Member's Shared Loss Carryover
Schedule U-RF Refundable Credits (OBSOLETE)
Schedule U-ST Member’s Separate Computation of Tax

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 U-IC from the Department of Revenue in March 2021.

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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 U-IC

We have a total of ten past-year versions of Schedule U-IC 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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