Instructions For Form 1 - Massachusetts Resident Income Tax - 2013 Page 27
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
4415
2013 Form 1 — Line by Line Instructions
in Massachusetts income tax on income which is
Line 40. Earned Income Credit
Be sure to enclose Schedule Z/RF with your re-
not covered by Massachusetts withholding must
turn. Failure to do so will delay the processing of
The earned income credit is a tax credit for certain
pay Massachusetts estimated taxes. Estimated tax
your return.
taxpayers who work and have earned income
payments can be made online by using WebFile for
under $51,567. Taxpayers who qualify for and
Income by visiting or by filing
Refund Amount
claim the federal earned income credit are allowed
Massachusetts Form 1-ES.
a refundable credit equal to 15% of the federal
amount. If the credit due the taxpayer exceeds the
Income which is not subject to withholding
Line 45. Amount of Overpayment
amount of the total income tax payable for the year
includes:
You Want Applied to Your 2014
by the taxpayer, the excess amount of the credit
salaries and wages where the employer is not
Massachusetts Estimated Tax
will be refunded to the taxpayer without interest.
subject to Massachusetts withholding;
Enter the amount of your 2013 overpayment that
You must enter the number of qualifying children,
dividends and interest, including interest from
you wish to apply to your 2014 Massachusetts
if any, in line 40a. Then, enter the federal earned
Massachusetts banks;
estimated tax. Once an election is made to apply
income credit amount from your U.S. Form 1040,
gains from capital assets;
your overpayment to your 2014 estimated tax, it
line 64a, 1040A, line 38a; or 1040EZ, line 8a. Mul-
income from an individual trade, business or
cannot be refunded after the due date of the re-
tiply this amount by .15 (15%) and enter the re-
pro fession;
turn or applied to any additional tax you may owe
sult in line 40. Be sure to fill out Schedule DI,
income from any estate or trust not taxed directly;
for 2013. The amount entered in this line can only
Dependent Information, if you are claiming this
certain pensions;
be claimed as a credit on your 2014 Massachu-
credit for one or more qualifying children/depen-
taxable Keogh or IRA distributions (only if you
setts return.
dents. Failure to do so will delay the processing of
elected not to have federal withholding);
your return.
rental, royalty or REMIC income;
Line 46. Refund Amount
unemployment compensation (from which no
If you choose to have the IRS compute your federal
Subtract line 45 from line 44. Enter the result in
Massachusetts income tax was withheld);
earned income credit, wait until the IRS notifies
line 46. This is the amount of your refund.
alimony received;
you of that amount before making an entry in line
Note: Your state tax refund may be taxable on your
distributions from SIMPLE accounts;
40. If you have not received your earned income
U.S. tax return if you deducted state income tax
illegal income; and
credit amount as computed by the IRS by April 15,
any other income received while a Massachu-
paid as an itemized deduction on U.S. Schedule A.
2014, you may file Massachusetts Form M-4868,
setts resident from which Massachusetts tax will
Application for Automatic Six-Month Extension of
not be withheld.
Time to File Massachusetts Income Tax Return.
See the Form 1 Extension Worksheet for informa-
You may elect to have your refund deposited di-
Generally, the first payment must be filed on or
tion about filing your exten sion via the Web. For
rectly into your savings or checking account.
before April 15 of the taxable year. The estimated
more infor mation about the federal earned income
Check with your financial institution to make sure
tax may be paid in full with the first payment or in
tax credit, see IRS publication 596, available at
that it accepts direct deposit and verify the routing
four installments on or before April 15, June 15,
transit number (RTN) of the issuing financial insti-
September 15 of the current taxable year and Jan -
tution. If we are unable to honor your request for
uary 15 of the following year.
Line 41. Senior Circuit Breaker Credit
a direct deposit, a paper check will be sent to you.
If you wish to verify estimated tax payments that
Certain senior citizens in Massachusetts may be
The routing number of your financial institution
have already been made, check the Estimated Tax
eligible to claim a refundable credit on their state
is nine digits and begins with 01 through 12 or 21
Payment History Application at .
income taxes for the real estate taxes paid on the
through 32. The account number can be up to 17
You will need to know the PIN that appeared on the
Massachusetts residential property they own or
characters (both numbers and letters). Omit hy-
back of your Form 1 booklet or the amount of last
rent and which they occupy as their principal res-
phens, spaces and special symbols. Enter the
year’s refund or balance due to access your account.
idence. The maximum credit allowed is $1,030
number from left to right and leave any unused
You may request your employer to withhold addi-
for the tax year beginning January 1, 2013. If the
boxes blank. You must enter the routing number
tional amounts from your salary on Form M-4,
credit due the taxpayer exceeds the amount of the
and the account number in the spaces provided in
Massachusetts Employee’s Withholding Exemption
total income tax payable for the year by the taxpayer,
line 46 if you are requesting direct deposit. Failure
Certificate to cover the taxes on other income so
the excess amount of the credit will be refunded
to do so will result in your request for direct de-
that you do not have to file and pay estimated taxes.
to the taxpayer without interest. To determine if
posit being denied.
you qualify for this credit, refer to the Senior Cir-
If 80% of the tax is not paid throughout the year
cuit Breaker Credit instructions in this booklet.
through withholding and/or estimated payments,
Tax Due
a penalty may be imposed.
If you qualify for this credit and you are a home-
owner, enter the amount from Schedule CB, Cir-
Line 47. Tax Due
Line 39. Payments Made with
cuit Breaker Credit, line 17; if you are a renter, enter
If line 35 is larger than line 43, subtract line 43
Extension
the amount from line 21. Be sure to complete and
from line 35, and enter the result in line 47. This is
enclose Schedule CB with your return.
If you filed Massachusetts Form M-4868, Applica-
the amount of tax you owe with your return. Pay in
tion for Automatic Six-Month Extension of Time to
Line 42. Other Refundable Credits
full with your return. Go to www. mass. gov/ dor/
File Massachusetts Income Tax Return, for 2013 on
payonline for online payment options. If you need
Enter in line 42 the amount from Schedule RF,
or before April 15, 2014, enter in line 39 the amount
to mail your payment, make your check or money
line 4.
you paid with Massachusetts Form M-4868.
order payable to the Commonwealth of Massachu -
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial