Form Mo-1040p Draft - Missouri Individual Income Tax Return And Property Tax Credit Claim Page 4
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FORM MO-1040P
Missouri Itemized Deductions
• C omplete this section only if you itemized deductions on your federal return. (See the information on pages 6 and 7.)
• Attach a copy of your Federal Form 1040 (pages 1 and 2) and Federal Schedule A.
• If you are subject to “additional Medicare tax”, attach a copy of Federal Form 8959.
1. Total federal itemized deductions from Federal Form 1040, Line 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
00
2. 2016 Social security tax - (Yourself) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
00
3. 2016 Social security tax - (Spouse) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
00
4. 2016 Railroad retirement tax - Tier I and Tier II (Yourself) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
00
5. 2016 Railroad retirement tax - Tier I and Tier II (Spouse) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
00
6. 2016 Medicare tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
00
7. 2016 Self-employment tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
00
8. TOTAL - Add Lines 1 through 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
00
9
9. State and local income taxes - from Federal Schedule A, Line 5, or see worksheet below. . . .
00
10. Earnings taxes included in Line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
00
11. Net state income taxes - Subtract Line 10 from Line 9 or enter Line 8 from worksheet below. . . . . . . . . . . . . . . . . . . . . . .
11
00
12. MISSOURI ITEMIZED DEDUCTIONS - Subtract Line 11 from Line 8. Enter here and on Form MO-1040P, Line 8 . . . . . . . . 12
00
Note: If Line 12 is less than your federal standard deduction, see information on pages 6 & 7.
Worksheet For Net State Income Taxes of Missouri Itemized Deductions, Line 11
Complete this worksheet only if your federal adjusted gross income from Federal Form 1040, Line 37 is more than $311,300 if married filing combined or qualifying widow(er),
$285,350 if head of household, $259,400 if single or claimed as a dependent, or $155,650 if married filing separate. If your federal adjusted gross income is less than or equal
to these amounts, do not complete this worksheet. Attach a copy of your Federal Itemized Deduction Worksheet (Page A-13 of Federal Schedule A instructions).
1. Enter amount from Federal Itemized Deduction Worksheet, Line 3
1
00
(See page A-13 of Federal Schedule A instructions.) If $0 or less, enter “0”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
00
2. Enter amount from Federal Itemized Deduction Worksheet, Line 9 (See Federal Schedule A instructions.) . . . . . . . . . . .
3
00
3. State and local income taxes from Federal Form 1040, Schedule A, Line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
00
4. Earnings taxes included on Federal Form 1040, Schedule A, Line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Subtract Line 4 from Line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
00
6. Divide Line 5 by Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
%
7. Multiply Line 2 by Line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
00
8. Subtract Line 7 from Line 5. Enter here and on Missouri Itemized Deductions, Line 11 above . . . . . . . . . . . . . . . . . . . . .
8
00
2016 TAX CHART
If Missouri taxable income from Form-1040P, Line 15, is less than $9,000, use the chart to figure tax;
if more than $9,000, use worksheet below or use the online tax calculator at
If the Missouri taxable income is:
The tax is:
$0 to $99 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0
At least $100 but not over $1,000 . . . . . . . . . . . . 1½% of the Missouri taxable income
FIGURING TAX
Over $1,000 but not over $2,000 . . . . . . . . . . . . . $15 plus 2% of excess over $1,000
ON $9,000 OR LESS
Over $2,000 but not over $3,000 . . . . . . . . . . . . . $35 plus 2½% of excess over $2,000
Over $3,000 but not over $4,000 . . . . . . . . . . . . . $60 plus 3% of excess over $3,000
Example: If Line 15 is $3,090, the tax
would be computed as follows: $60 +
Over $4,000 but not over $5,000 . . . . . . . . . . . . . $90 plus 3½% of excess over $4,000
$2.70 (3% of $90) = $62.70. The whole
Over $5,000 but not over $6,000 . . . . . . . . . . . . . $125 plus 4% of excess over $5,000
dollar amount to enter on Line 16 would
Over $6,000 but not over $7,000 . . . . . . . . . . . . . $165 plus 4½% of excess over $6,000
be $63.
Over $7,000 but not over $8,000 . . . . . . . . . . . . . $210 plus 5% of excess over $7,000
Over $8,000 but not over $9,000 . . . . . . . . . . . . . $260 plus 5½% of excess over $8,000
Over $9,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $315 plus 6% of excess over $9,000
Yourself
Spouse
Example
If more than $9,000,
$ _______________
$ _______________
Missouri taxable income (Line 15) . . . .
tax is $315 PLUS
$ 12,000
6% of excess over
Subtract $9,000 . . . . . . . . . . . . . . . .
– $
9,000
– $
9,000
– $ 9,000
$9,000.
Difference . . . . . . . . . . . . . . . . . . . . .
= $ _______________
= $ _______________
= $ 3,000
Round to nearest
Multiply by 6%. . . . . . . . . . . . . . . . . .
x
6%
x
6%
x
6%
whole dollar and enter
= $ _______________
= $ _______________
Tax on income over $9,000
on Form MO-1040P,
= $
180
Add $315 (tax on first $9,000) . . . . .
+ $
315
+ $
315
Line 16.
+ $
315
TOTAL MISSOURI TAX . . . . . . . . . .
= $ _______________
= $ _______________
= $
495
A separate tax must be computed for you and your spouse.
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MO-1040P 2-D (Revised 12-2016)
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