1999 Resident Or Non-Resident/part-Year Resident Income Tax Instructions

1999 Resident or Non-resident/Part-Year Resident Income Tax Instructions

that must be prorated are (a) Payments to an IRA and/or a SEP (Line

1, of Form 80-105. For Form 80-205, see instructions for Lines 55 and

46); (b) Payments to KEOGH (HR10) Retirement Plan (Line 47); (c)

56 below.

Alimony Paid ( Line 49); (d) Moving Expenses (Line 50); and Self-

Employed Health Insurance Deduction (Line 53). An adjustment in this

Line 55 - Total and Mississippi Adjusted Gross Income on NR Return

section requires attachment of a schedule or other detailed explanation.

Subtract Line 54 from Line 45. Carry the Mississippi Only

Income to Line 16a. Carry the Total Income from All Sources to Line

16b. These are the amounts you will use to calculate the ratio on

Line 49 - Payments to an IRA and/or a SEP (Line 46 on NR Return)

Line 16c.

You may deduct payments to an IRA to the extent that such

Carry the Mississippi Only Income to Line 19 as well. If you are

payments are deductible for federal income tax purposes, including those

Married-Filing Combined Return, enter amounts from line 56.

made under a Simplified Employee Pension (SEP) Plan. Use the

worksheet in your federal income tax instructions to figure your

Line 56 - Total for Married - Filing Combined Return on NR Retrun

deduction for payments to an IRA. In the case of married individuals, if

If you are Married - Filing Combined Return, split the

both spouses work and both have IRAs, compute each spouse's

Mississippi Adjusted Gross income From Line 55 according to

deduction separately. See Note above concerning proration.

ownership between Taxpayer and Spouse. Enter the amounts for

Taxpayer and Spouse on Page 1, Line 19, of Form 80-205.

Line 50 - Payments to a Keogh Retirement Plan (Line 47 on NR

Return)

Line 19 - Mississippi Adjusted Gross Income (Line 19 on NR

You may deduct contributions to Self-Employed Retirement Plans,

Return)

commonly referred to as Keogh or HR 10 Plans, to the extent that such

Enter Line 16 plus Line 17 minus Line 18. If the amount is less

contributions are deductible for federal income tax purposes. If the

than 0, enter 0. On Form 80-205, enter amount from Line 55 or 56, as

contributions, or any part thereof, are not deductible for federal income

appropriate.

tax purposes, they are not deductible for Mississippi income tax

purposes. See Note above concerning proration.

Deductions

Line 51 - Interest Penalty on Early Withdrawal of Savings

(Line 48 on NR Return)

Line 20 - Standard or Itemized Deductions

Federal Form 1099-INT given to you by your bank or savings and

You may choose to either itemize individual non-business

loan association will show the amount of any interest penalty you were

deductions or claim the standard deduction for your filing status,

charged because you withdrew funds from your time savings deposit

whichever produces the greater tax benefit. In the case of married

before its maturity. The amount of such penalty is deductible.

individuals filing separate returns, one spouse may itemize only if the

other spouse itemizes. If one spouse claims the standard deduction on

Line 52 - Alimony and Separate Maintenance Paid (Line 49 on NR

a separate return, the other must claim the standard deduction.

Return)

Alimony payments you made are deductible to the extent allowable

(1) Itemized Deductions

for federal income tax purposes. You must complete Schedule P, Page

State income taxes are not deductible on your itemized deductions

2 of your return. You must include the name, SSN and state of

schedule. See instructions for Schedule A (Itemized Deductions).

residency of the individual to whom alimony was paid.

See Note above concerning proration.

Married individuals having separate income and filing a combined

return may divide their itemized deductions in any manner they

Line 53 - Moving Expense (Line 50 on NR Return)

choose for column A and column B.

You may deduct moving expense(s) as an adjustment to gross income

to the extent allowable for federal income tax purposes. Attach a copy

(2) Standard Deduction

of Federal Form 3903 or 3903F. See Note above concerning proration.

In lieu of an allowance for itemized personal deductions, you

may claim an allowance for the standard deduction. For 1999,

Line 54 - National Guard and Reserve Pay (Ln 51 on NR Return)

the standard deduction for each filing status is as follows:

Enter the lesser of the National Guard or Reserve pay or the $5,000

Statutory Exclusion per taxpayer. Full-time National Guard pay is not

Married filing joint or combined return . . . . . . . . $4,600

Married -

allowed an exclusion. Report National Guard pay on Line 16.

Spouse died in 1999 . . . . . $4,600

Married Filing Separate returns (two returns) . . . . . . . . . $2,300

Line 55 - MPACT - MS Prepaid Affordable College Tuition

Head of Family individuals . . . . . . . . . . . . . . . . . . . . . . . $3,400

Program (Line 52 on NR Return) - Enter the prepaid tuition contract

Single individuals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,300

costs you paid during 1999 to the Mississippi Treasury Department on

behalf of a student beneficiary.

Married individuals having separate incomes and filing a combined

return (one return), may divide the authorized standard deduction

Line 56 - Self-Employed Health Insurance Deduction (Line 53 on NR

($4,600) between the spouses in any manner they choose for column A

Return)

and column B.

Enter the amount of the Self-Employed Health Insurance Deduction

you claimed on your Federal income tax return. See Note above

Married individuals filing separate returns (two returns) and electing to

concerning proration.

claim the standard deduction must EACH claim the amount specified -

any unused portion of the standard deduction by one spouse on his

Line 57 - Total Adjustments to Gross Income (Line 54 on NR

separate return may not be used by the other spouse on her separate

Return)

return. Enter the amount of your itemized or standard deduction on

Add Lines 49 through 56. Enter the total here and on Line 18, Page

Page 7

1999 Resident Or Non-Resident/part-Year Resident Income Tax Instructions - Office Of Revenue Page 6

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