Instructions For Schedule Nr - 2012 Page 4
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5Instructions - South Carolina Form Schedule NR
Worksheet for Taxpayer line 35a:
Worksheet for Spouse line 36b:
1. Maximum
deduction
allowed
for
1.
Maximum deduction allowed for spouse
1.
$15,000
taxpayer based on age ($3,000 or
1.
$10,000).
2.
Amount claimed on line 35b for the
spouse who is age 65 or older
2.
2. Taxpayer's individual qualified retirement
3.
Subtract line 2 from line 1. Enter this
income included in federal form
amount on line 36b. Do not enter an
(taxable IRA Distributions, Pensions &
2.
amount less than zero.
3.
Annuities).
3. Amount on line 1 or 2, whichever is
Line 37 - DEPENDENTS UNDER SIX YEARS OF AGE
3.
smaller. Enter on line 35a.
You must have been a resident for at least part of the year
in order to claim this deduction. A deduction is allowed for
Worksheet for Spouse line 35b:
each dependent claimed on the federal income tax return who
had not reached the age of six years by December 31 of the
1. Maximum deduction allowed for spouse
tax year. Furnish the date of birth and Social Security
based on age ($3,000 or $10,000).
1.
Number(s) in the available blanks. If additional space is
needed,
attach
a
separate
sheet
with the requested
2. Spouse's individual qualified retirement
information. Use the following worksheet to compute the
income included in federal form
deduction:
(taxable IRA Distributions, Pensions &
Annuities).
2.
2012 Federal Personal Exemption Amount .......
$3,800
3. Amount on line 1 or 2, whichever is
Number of dependents claimed on your
smaller. Enter on line 35b.
3.
2012 federal return who had not reached
X
age six during the tax year .............................
Worksheet for Surviving Spouse line 35c:
Allowable deduction, enter this amount on
line 37.................................................................
NOTE: Calculate separately for each deceased spouse
and include total on line 35c.
Line 38 - CONTRIBUTIONS TO THE SC COLLEGE
1. Maximum
deduction
allowed
for
surviving spouse based on age of
INVESTMENT PROGRAM ("FUTURE SCHOLAR") OR
deceased spouse had he/she lived
TO THE SC TUITION PREPAYMENT PROGRAM
($3,000
or
$10,000
per
deceased
1.
spouse).
You may deduct 100% of any contributions to the SC College
2. Qualified retirement income received as
Investment Program ("Future Scholar") made between January
surviving spouse included in federal
1, 2012 and through April 15, 2013. You may deduct 100% of
form
(taxable
IRA
Distributions,
any contributions to the SC Tuition Prepayment Program made
Pensions & Annuities)
2.
between January 1, 2012 and December 31, 2012.
3. Amount on line 1 or 2, whichever is
Line 39 - ACTIVE TRADE OR BUSINESS INCOME
smaller. Enter on line 35c.
3.
Enter the amount from I-335, Line 5.
Line 40 - OTHER SUBTRACTIONS
Line 36 - AGE 65 AND OLDER DEDUCTION FOR
SOUTH CAROLINA RESIDENTS
Enter on line 40, Column B, any other deductions for which
there is no line provided. Other deductions include Reserve or
You must have been a resident for at least part of the year
National Guard income received for weekend drills and
in order to claim this deduction. A resident taxpayer age 65
customary training periods; subsistence allowances for law
or older is entitled to a deduction of $15,000 against any SC
enforcement officers and full-time firefighters and emergency
income. Line 36a applies to the taxpayer whose name appears
medical service personnel; volunteer firefighters, rescue squad
first on the return. Line 36b applies to the spouse whose name
members, HAZMAT members, reserve police officers, DNR
appears second on the return. The amount of the deduction on
deputy enforcement officers, or State Guard members; special
36a is reduced by any individual retirement deduction
needs child adoption deductions; and a deduction for amounts
claimed on line 35a. The amount of the deduction on 36b is
contributed to and interest income earned by a Catastrophe
reduced by any individual retirement deduction claimed on line
Savings Account. These deductions are allowable only if the
35b. The age 65 and over deduction is not reduced by any
corresponding income is reported in Column B. See SC1040
surviving spouse retirement deduction claimed on line 35c.
instructions for a detailed explanation of these deductions.
Line 42 - TOTAL SOUTH CAROLINA ADJUSTMENTS
Worksheet for Taxpayer for line 36a:
Subtract line 41 from line 33. For example, if line 33 is -0- and
1.
Maximum
deduction
allowed
for
line 41 is $3,000, enter ($3,000) as a negative entry on line 42.
taxpayer.
1.
$15,000
Line 44 - PRORATION
2.
Amount claimed on line 35a for the
2.
taxpayer who is age 65 or older.
Divide the amount on line 32, Column B, by the amount on line
32, Column A. Enter the result on line 44. You may round to
3.
Subtract line 2 from line 1. Enter this
the second decimal.
amount on line 36a.
Do not enter an amount less than
3.
zero.
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