Massachusetts Annualized Income Installment Worksheet

Annualized Income Installment Worksheet
M-2210A
Rev. 9/15
Massachusetts

Form M-2210A
Annualized Income Installment Worksheet

Department of
Revenue

Payment Period
11 Taxable 5.15% income each period (including 3
long-term capital gain income taxed at 5.15%) . . .
12 Annualization amount . . . . . . . . . . . . . . . . . . . . . .
13 Multiply line 1 by line 2 . . . . . . . . . . . . . . . . . . . . .
14 Tax on amount in line 3. Multiply line 3 by .0515
15 Taxable 12% income each period. . . . . . . . . . . . .
16 Annualization amount . . . . . . . . . . . . . . . . . . . . . .
17 Multiply line 5 by line 6 . . . . . . . . . . . . . . . . . . . . .
18 Tax on amount in line 7. Multiply line 7 by .12. . . .
09 Total tax. Add lines 4 and 8. . . . . . . . . . . . . . . . . .
10 Total credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11 Total tax after credits. Subtract line 10
from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 Applicable percentage . . . . . . . . . . . . . . . . . . . . .
13 Multiply line 11 by line 12 . . . . . . . . . . . . . . . . . . .
14 Enter the combined amounts of line 20 from
all preceding periods . . . . . . . . . . . . . . . . . . . . . . .
15 Subtract line 14 from line 13. If less than “0”
enter “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 Divide line 6 of Form M-2210 by 4 and
enter result in each column. . . . . . . . . . . . . . . . . .
17 Enter the amount from line 19 of this
worksheet for the preceding column. . . . . . . . . . .
18 Add lines 16 and 17 . . . . . . . . . . . . . . . . . . . . . . .
19 If line 18 is more than line 15, subtract
line 15 from line 18. Otherwise enter “0”. . . . . . . .
20 Enter the smaller of line 15 or line 18 here
and on Form M-2210, line 7 . . . . . . . . . . . . . . . . .

Jan. 1–March 31

Jan. 1–May 31

Jan. 1–August 31

Jan. 1–December 31

4

2.4

1.5

1

4

2.4

1.5

1

20%

40%

60%

80%

General Information
Taxpayers who fail to pay 80% of their total tax liability through
withholding and/or estimated payments are required to file Form
M-2210, “Underpayment of Massachusetts Estimated Income
Tax.” Most taxpayers use this form to calculate their underpayment penalty based on their required installment payments —
four equal payment amounts due on April 15, June 15, September 15 of the taxable year and January 15 of the following year.
Taxpayers may qualify for an exception to, or reduction of, the
penalty for one or more quarters if they receive their taxable income unevenly during the year. Such taxpayers should use
the Annualized Income Installment Worksheet to calculate payment amounts and penalties proportionate to their uneven flow
of income.

Worksheet Instructions
Before completing this worksheet, you must complete lines 1
through 6 of Form M-2210. Be sure to complete each column of
this worksheet fully before going on to the next column. To determine your annualized income installments, figure your taxable
5.15% and 12% incomes for each installment period.

Use this worksheet to calculate your annualized 5.15% and 12%
incomes for each period and determine the applicable tax due on
each amount. Add the 5.15% and 12% tax amounts and multiply
by the installment percentage in line 12.
If you make an installment payment based on annualized income,
complete lines 14 through 20 to calculate the difference between
the required installment payment and the annualized installment
payment you make. This difference must be added to the required
installment payment for the next period. For example, if your required installment payment is $500 and your annualized income
for the period allows you to pay an installment of $300, you must
add the difference — $200 — to the required installment payment
of the next period.
Transfer the annualized income installment amounts in line 20 of
this worksheet to line 7 of Form M-2210. Complete Form M-2210
using the adjusted installment amounts from this worksheet. For
information about completing Form M-2210 using annualized
installment amounts, refer to the instructions on that form.