Instructions For Filing: Personal & School District Income Tax - Department Of Taxation State Of Ohio - 2014 Page 27
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
602014 Ohio Forms IT 1040EZ / IT 1040 / Instructions
imbursement for group life insurance
become retirement or pension benefi ts
For federal income tax purposes, however,
premiums paid; AND
and are no longer deductible as disability
there are certain situations where, due to
Receipt of Ohio Adjutant General-
or survivorship. If you are uncertain of
the coordination of benefi ts from an Inter-
authorized payment of death benefits
the minimum retirement age under your
nal Revenue Code 529 program with other
received as a benefi ciary of an active duty
plan, contact your plan administrator for
federal tax benefi ts for higher-education
member of the Ohio National Guard who
this information.
expenses (such as the federal American
died while performing active duty.
Temporary wage-continuation plans.
Opportunity Tax Credit), the earnings on
Payments for temporary illnesses or inju-
a distribution from the CollegeAdvantage
Line 46a – Unreimbursed Long-Term
ries (for example, sick pay provided by an
program that are actually used to pay
Care Insurance Premiums, Unsubsidized
employer or third party).
qualified higher-education expenses
Health Care Insurance Premiums and
Pension payments that another individual
cannot be excluded from federal adjusted
Excess Health Care Expenses
was receiving but he/she died and you are
gross income. If any portion of the earnings
now receiving these payments (pension
reported to you on your 2014 federal form
There are several deductions for unreim-
continuation benefi ts). These amounts are
1099-Q from the CollegeAdvantage program
bursed medical expenses included:
not deductible survivorship benefi ts.
is used to pay qualifi ed higher-education
Excess medical care expenses and sub-
expenses, and if because of certain fed-
See Ohio Administrative Code (Ohio
sidized medical care insurance premiums
eral tax limitations such earnings are not
Rule) 5703-7-08 on our Web site at
for dental, vision and health;
excluded from your federal adjusted gross
tax.ohio.gov.
Unsubsidized medical care insurance
income, you can exclude such portion by
premiums for dental, vision and health;
adding it to the total included on line 44a.
Line 43 – Social Security and Certain
Unsubsidized long-term care insurance
Railroad Retirement Benefi ts
Adjustment for Distributions at a Loss. If
premiums; AND
a distribution reported to you on 2014 federal
Accident and health insurance premiums
Deduct the following benefi ts only to the
form 1099-Q refl ects a loss (the earnings in
paid for qualifying dependent relatives.
extent that they are included in your federal
box 2 is negative), you can add this loss to
adjusted gross income:
Line 1
your total on line 44a as a positive number if
Social Security benefi ts
Select on line 1 of the worksheet on page
this loss is not deducted in computing federal
Tier I and Tier II railroad retirement ben-
28 your eligibility status to participate in any
adjusted gross income (line 1 of Ohio form
efi ts
subsidized health plan/Medicare.
IT 1040).
Supplemental railroad retirement benefi ts
A subsidized health plan is a plan for which
Dual railroad retirement benefi ts
For more information, call 1-800-AFFORD-
your current or former employer or your
Railroad disability
IT (1-800-233-6734) or visit the tuition trust
spouse's current or former employer pays for
Web site at
Line 44a – Tuition Investments in Ohio
any part of the plan's costs and reimburses
Line 44b – Portion of Certain College
CollegeAdvantage Savings Plan
you or your spouse for any portion of the
Grants Used To Pay Room and Board
plan's cost. Most people who receive wage
Contribution Deduction. You may deduct
or salary income from an employer partici-
pate in one or more subsidized plans; such
purchases of tuition units and contributions
Deduct the federally taxable portion of a
plans are not unsubsidized health plans. If
to the Ohio Tuition Trust Authority's
federal Pell Grant and/or Ohio College
you are participating in a subsidized health
CollegeAdvantage 529 Savings Plan, up
Opportunity Grant used to pay room and
to $2,000 per benefi ciary per year if these
plan, pre-tax premiums may be refl ected on
board.
amounts do not qualify as a deduction on
your pay stub or W-2, box 12. If you are un-
You qualify for this deduction if you, your
sure, check with your employer. If you were
page 1 of federal form 1040. Qualifying
spouse or your dependent was a student
not eligible to participate in a subsidized plan
purchases exceeding the $2,000 limitation
enrolled in a post-secondary educational
may be deducted on future years' returns,
for any part of the year, check box B on line
institution, used a portion of a Pell Grant
subject to the annual $2,000-per-benefi ciary
1. Otherwise, check box A or C. See Note 1
and/or an Ohio College Opportunity Grant
on the worksheet.
limitation. Married taxpayers may deduct
to pay room and board expenses, and this
up to a maximum of $2,000 per benefi ciary
portion was included in your federal ad-
Line 2
whether their fi ling status is married fi ling
Enter on line 2 of the worksheet the costs
justed gross income. The room and board,
jointly or married filing separately. For
for qualifying medical care expenses. Some
including meal plans, must have been fur-
information on contribution carryovers, see
examples of qualifying expenses include
nished at the facilities of the educational in-
page 23, line 35b.
stitution for which the grant was awarded.
unreimbursed costs for the following:
Prescription medicine or insulin;
Adjustment for Earnings on Certain Dis-
See the worksheet on page 26.
Hospital costs and nursing care;
tributions. The earnings portion of distribu-
Line 45 – Ohio National Guard
Medical, dental and vision examinations
tions from Internal Revenue Code section
Reimbursements and Benefi ts
529 programs can generally be excluded
and treatment by a certifi ed health profes-
sional;
from federal adjusted gross income if the
Deduct on line 45 the following amounts, but
Eyeglasses, hearing aids, braces, crutch-
distribution is used solely to fund qualifi ed
only if (i) these amounts are in your federal
es and wheelchairs; AND
higher-education expenses. If the earnings
adjusted gross income (line 1 of Ohio form IT
portion of a 2014 distribution from Ohio's
Subsidized premiums for medical care
1040) and (ii) you have not already deducted
insurance, to include Medicare premiums
CollegeAdvantage program is excluded
these amounts elsewhere on Schedule A:
and supplemental Medicare insurance.
from federal adjusted gross income (line
Receipt of Ohio Adjutant General-
1 on Ohio form IT 1040), then no further
authorized Ohio National Guard re-
Refer to IRS publication 502 for allowable
adjustment is allowed on line 44a.
items and expenses.
- 27 -
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Filing: Personal & School District Income Tax & Telefile - Department Of Taxation State Of Ohio - 2012
Financial
Instructions For Filing The School District Estate Income Tax Return - Ohio School District Income Tax
Financial
Instructions For Form It-2210 - Interest Penalty On Underpayment Of Ohio Or School District Income Tax
Financial
Instructions For Form It-2105 - Estimated Income Tax Payment Voucher For Individuals - New York State Department Of Taxation And Finance - 1999
Financial
Instructions For Form It-220 - Minimum Income Tax - New York State Department Of Taxation And Finance - 2004
Financial
Related Categories
Parent category: Financial