Instructions For Filing: Personal & School District Income Tax - Department Of Taxation State Of Ohio - 2014 Page 31

2014 Ohio Forms IT 1040EZ / IT 1040 / Instructions

If the answers to questions 1 through 6

If you take this credit, you cannot take the

care and/or dependent care credit, you are

below are all "Yes," you can claim the

$50 senior citizen's credit on this year's

entitled to this credit. Complete the work-

lump sum distribution credit. If you an-

return or on any future year return to

sheet on page 30 to calculate the amount

swer "No" to any of the questions, you

which this taxpayer is a party. For more

of credit you may claim.

do not qualify for this credit.

information, see page 2 of Ohio form LS

Note: If line 3 on page 1 of the Ohio form

WKS, which is available on our Web site at

1. Were you 65 or older before Jan. 1, 2015?

IT 1040 is $40,000 or more, you are not

tax.ohio.gov.

entitled to this credit.

2. Was the lump sum distributed from a

Note 1: Retirement buy-out amounts,

qualiﬁ ed employee beneﬁ t plan (pension,

Line 55 – Lump Sum Retirement Credit

attrition buy-out amounts and other similar

profit-sharing, stock bonus, Keogh,

amounts reported on federal form W-2 do

Internal Revenue Code 401(k), STRS,

Lump sum distributions that you received

not qualify for this credit.

PERS, SERS, etc.)?

on account of retirement from a qualiﬁ ed

Note 2: Distributions from university

retirement plan may qualify for the lump

3. Was the distribution made from all of the

retirement plans and from government-

sum retirement credit. A lump sum dis-

employer's qualiﬁ ed plans of one kind in

sponsored deferred compensation plans

tribution is one where you receive your

which the employee had funds?

do not qualify for this credit because these

entire balance from a qualiﬁ ed pension,

plans are not described in Internal Revenue

retirement or proﬁ t-sharing plan during one

4. Was the distribution for the full amount

Code section 401(a).

taxable year.

credited to the employee?

Line 54 – Child Care and Dependent

If you take this credit, you cannot take the

5. Was the distribution paid within a single

Care Credit

retirement income credit on this year's

taxable year?

return or on any future year return to

If your Ohio adjusted gross income (line 3)

which this taxpayer is a party. For more

6. Was the distribution made because the

information on lump sum distribution and

is less than $40,000 and if you made pay-

employee died, quit, retired, or was laid

lump sum retirement credits, see page 1 of

off or ﬁ red?

ments that qualiﬁ ed for the federal child

Displaced Worker Training Credit Worksheet for Line 57

Such training qualiﬁ es for this credit only if you can check "Yes" for questions 1, 2 and 3 below. Your spouse can also claim the

credit on this return if (i) your spouse can also answer "Yes" to all of the questions and (ii) you ﬁ le a joint return with your spouse.

Yes

1. Did you lose your job because the place where you worked either permanently closed or moved, or because

your employer abolished your job or shift? Note: Abolishment of job or shift does not include layoffs resulting

from seasonal employment, temporary plant closings for retooling, etc. ........................................................

Date of separation

2. During the 12-month period beginning when you lost your job, did you pay for any displaced worker training? ...

3. While you were receiving displaced worker training, were you either unemployed or working no more than

20 hours per week? .........................................................................................................................................

If you and/or your spouse checked "Yes" to all of the questions above, complete the worksheet below:

1. Enter the amount of displaced worker training expenses you paid during 2013 and 2014 for displaced worker

training during the 12-month period beginning when you lost your job. Do not include any amount that was

reimbursed to you or grants/vouchers for which you did not repay .................................................................

2. Enter one-half of the amount on line 1 ............................................................................................................

3. Enter the smaller of $500 or the amount on line 2 ..........................................................................................

4. Enter the amount of displaced worker training credit, if any, that you claimed on line 57, Schedule B, of last

year's Ohio form IT 1040 .................................................................................................................................

5. Subtract line 4 from line 3 (but not less than -0-). If your ﬁ ling status is single, qualifying widow(er),

married ﬁ ling separately or head of household, stop here. Line 5 is your displaced worker training

credit. Enter this amount on line 57, Schedule B of Ohio form IT 1040 ...................................................

If your ﬁ ling status is married ﬁ ling jointly and your spouse also answered "Yes" to the three questions

at the top of this worksheet, complete the remainder of this worksheet.

6. Enter the amount of displaced worker training expenses your spouse paid during 2013 and 2014 for dis-

placed worker training during the 12-month period beginning when he/she lost his/her job. Do not include

any amount that was reimbursed to him/her ...................................................................................................

7. Enter one-half of the amount on line 6 ............................................................................................................

8. Enter the smaller of $500 or the amount on line 7 ..........................................................................................

9. Enter the amount of displaced worker training credit, if any, that your spouse claimed on line 57, Schedule B

of last year's Ohio form IT 1040 .......................................................................................................................

10. Subtract line 9 from line 8 (but not less than -0-) ............................................................................................

10.

11. Add lines 5 and 10 and enter the amount here and on line 57, Schedule B, of Ohio form IT 1040 ................

11.

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