Form 1040s-Me - Maine Individual Income Tax

Name(s) as shown on Form 1040S-ME

Your Social Security Number

2007 - Worksheet for Pension Income Deduction - Form 1040S-ME, Line 14

Enclose this Worksheet and copies of your 1099 form(s) with your Form 1040S-ME

Pension beneﬁ ts that do not qualify are those received from an

You and your spouse (if married) may each deduct up to $6,000

individual retirement account (including SIMPLE individual retirement

of eligible pension income

that is included in your federal adjusted

accounts), simpliﬁ ed employee pension plan, beneﬁ ts from an

gross income. Except for military pension beneﬁ ts, the $6,000 cap

ineligible deferred compensation plan under IRC section 457(f),

must be reduced by any social security and railroad retirement

refunds of excess contributions, lump-sum distributions included on

beneﬁ ts received, whether taxable or not.

federal Form 4972 and distributions subject to the additional 10%

Deductible pension income includes state, federal and military pension

federal tax on early distributions (see federal Form 5329, Part 1, or

beneﬁ ts, as well as retirement beneﬁ ts received from plans established

federal Form 1040, line 60). Also, disability beneﬁ ts reported as

and maintained by an employer for the beneﬁ t of its employees under

wages on your federal income tax return do not qualify.

Internal Revenue Code (IRC) sections 401(a) (Qualiﬁ ed Pension

*Eligible pension income does not include beneﬁ ts earned by

Plans, including qualiﬁ ed 401 SIMPLE plans) and 403 (Employee

another person, except in the case of a surviving spouse. Only

annuities). Deductible pension income also includes beneﬁ ts received

the individual that earned the beneﬁ t from prior employment may

under IRC section 457(b) (State and local government/tax exempt

claim the pension income for the deduction. However, a widowed

organizations/eligible deferred compensation plans),

except that

spouse receiving survivor’s beneﬁ ts under an eligible pension

pension income from 457(b) plans received prior to age 55 that is

plan may claim that amount for purposes of this deduction, but

not part of a series of equal periodic payments made over the life of

the total pension deduction for the surviving spouse may not

the recipient and the recipient’s designated beneﬁ ciary, if applicable,

exceed $6,000.

may not be included in the deductible pension amount.

NOTE: Enter eligible non-military pension beneﬁ ts on line 1 and eligible military pension beneﬁ ts on line 6.

1. Total eligible non-military pension income (both Maine and non-Maine sources) included in your

federal adjusted gross income (from federal form 1040A, line 12b or Form 1040, line 16b). (Do not

Taxpayer

Spouse*

include social security or railroad retirement beneﬁ ts received or pension beneﬁ ts received from an

individual retirement account, simpliﬁ ed employee pension plan, an ineligible deferred compensation

plan under IRC § 457(f), lump-sum distributions included on federal Form 4972, distributions subject

to the additional 10% federal tax on early distributions or refunds of excess contributions).

2. Maximum allowable deduction

$ 6,000.00

3. Total social security and railroad retirement beneﬁ ts you received - whether taxable or not

4. Subtract line 3 from line 2 (if zero or less, enter zero)

5. Enter the smaller of line 1 or line 4 here

6. Total eligible military pension income included in your federal adjusted gross income

7. Add line 5 and line 6

8. Enter the smaller of line 2 or line 7 here and the total for both spouses on line 14,

Form 1040S-ME

*Use this column only if ﬁ ling married-joint return and only if spouse separately earned an eligible pension.

Schedule CP instructions, continued

of Maine who are members of the Reserves

to, asthma, health effects of indoor and outdoor

will reduce the amount of your refund or

and who have been called to military duty

air pollution, emphysema and chronic obstructive

increase the amount you owe. If you have

and are experiencing ﬁ nancial hardship.

pulmonary disease. The fund is administered by

any questions regarding the purchase of park

Contributions may be deductible the

the American Lung Association of Maine.

passes, please call the Bureau of Parks and

following year on state and federal income

Lands at (207) 287-3821.

B. PARK PASSES -

Maine Park passes can

tax returns. The fund is administered by

be purchased through Maine Revenue

To be sure you have your park pass

the Maine Adjutant General.

Services when you ﬁ le your income tax

when State Parks begin collecting

Maine Veterans’ Memorial Cemetery

return. Park passes can be purchased

fees, please ﬁ le Schedule CP with your

Maintenance Fund - The Maine Veterans’

at a cost of $30 for an individual season pass

income tax return as early as possible.

Memorial Cemetery Maintenance

and $60 for a vehicle season pass. (Free day

Expect some delays in processing when

Fund was established to help ﬁ nance

use passes are issued by the Bureau of Parks

ﬁ ling your return later in the season.

the maintenance and perpetual

and Lands to senior citizens who are 65 years

care of Maine veterans’ cemeteries.

or over upon proof of age.) An individual pass

Lines 12-13. Enter the number of Individual

allows only the pass holder admittance to day

Maine Asthma and Lung Disease Fund -

and/or Vehicle park passes you wish to

use of Maine state parks and historic sites. A

The purpose of the Maine Asthma

purchase in the space provided. Multiply

vehicle pass (for vehicles weighing up to one-ton)

and Lung Disease Research Fund

each entry by the cost shown and enter the

allows all occupants of the vehicle admittance to

is to provide research grants to

total in the boxes provided. Note: You may

day use. These passes do not include entry

develop and advance the understanding

purchase park passes through Maine

into Baxter State Park, Allagash Wilderness

of lung disease, especially its prevention,

Revenue Services with excess refund

Waterway, the Penobscot River Corridor or

causes, treatment and cure. Areas of research

amounts, checks, or money orders. You

Scarborough Beach. Any pass purchased

eligible for grants include, but are not limited

may also purchase a park pass directly

from the Bureau of Parks and Lands.

Form 1040s-Me - Maine Individual Income Tax - 2007 Page 3

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