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Form 1 is due on or before April 15, 2021. 2020 Personal Income Tax Rates Effective for tax years beginning on or after January 1, 2020, the tax rate on most classes of taxable income is changed to 5%. The tax rate on short-term gains from the sale or exchange of capital assets and on long-term gains from
Be sure to enclose any forms or schedules (W-2, W-2G, 1099, 3K-1, SK-1, PWH or LOA) that show Massachusetts withholding. Fill out in black ink. For a faster refund, file your return electronically at mass.gov/dor.
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Sep 19, 2024 · 2020 Form 1: Massachusetts Resident Income Tax Return (English, PDF 211.37 KB) 2020 Form 1 Instructions (English, PDF 1.76 MB) For more information about the update to unemployment compensation reporting due to COVID-19, visit the link under Related on the right-hand side.
- Taxable refunds, credits, or offsets of state and local income taxes. Enter any taxable refunds, tax credits, or tax offsets from any state or local taxes.
- Alimony. In Line 2a, enter amounts received as alimony or separate maintenance pursuant to a divorce or separation agreement that you entered on or before December 31, 2018, unless that agreement was changed after December 31, 2018, to expressly provide that alimony received isn’t included in your income.
- Business income or (loss) If you operated a business or practiced your profession as a sole proprietor, report your income and expenses on Schedule C.
- Other gains or losses. If you sold or exchanged assets used in a trade or business, enter the amount of losses or gains on the disposition of assets in Line 4.
2020 Schedule 1 (Form 1040) For Paperwork Reduction Act Notice, see your tax return instructions.
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You may only need to le Form 1040 or 1040-SR and none of the numbered schedules, Schedules 1 through 3. However, if your return is more complicated (for example, you claim certain deductions or credits or owe additional taxes), you will need to complete one or more of the numbered schedules. Below is a general guide to which schedule(s) you ...
