Form Mo-1040p - Missouri Individual Income Tax Return And Property Tax Credit Claim/pension Exemption - 2014 Page 11

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MILITARY PENSION
MISSOURI ITEMIZED
calculated below. You must attach a
copy of Federal Form 8959.
CALCULATION
DEDUCTIONS
• Wage income: Form(s) W-2, Box 6,
A military pension is a pension
You cannot itemize your Missouri
plus Line 7 of Federal Form 8959, minus
de duc tions if you took the standard
received for your service in a branch
Line 22 of Federal Form 8959;
of the armed services of the United
deduction on your federal return. See
• Railroad retirement compensation:
Pages 6 and 7, Line 8.
States, including the Missouri Army
Railroad retirement Medicare tax
Reserve and Missouri National Guard.
You must itemize your Missouri
withheld on Form(s) W-2, Box 14,
You must reduce your military pension
de duc tions if you were required to
plus Line 17 of Federal Form 8959,
exemption by any portion of your
itemize on your federal return.
minus Line 23 of Federal Form 8959.
military pension that is included in the
l
1 — F
InE
EdERAl
l
7 —
calculation of your public pension ex-
InE
I
d
tEmIzEd
EduCtIons
emption. Therefore, if you qualify for
s
-E
t
ElF
mPloymEnt
Ax
the public pension exemption, make
Include your total federal itemized
Include the amount from Federal Form
sure you complete the Public Pension
deductions from Federal Form 1040,
1040, Line 57 minus Line 27, plus
Calculation (Section A) before you cal-
Line 40, and any approved cul tural con-
Federal Form 8959, Line 13; or Federal
culate your military pension exemption.
tributions (literary, musical, scholas tic, or
Form 1040NR, Line 55 minus Line 27,
artistic) to a tax exempt agency or insti-
l
1 — t
m
InE
AxAblE
IlItARy
plus Federal Form 8959, Line 13.
tution that is operated on a not-for-profit
R
b
EtIREmEnt
EnEFIts
l
9 — s
InE
tAtE And
basis. Cash contributions do not qualify.
l
I
t
Include your total military retirement
oCAl
nComE
AxEs
l
2
3 — s
InEs
And
oCIAl
benefits reported on Federal Form
Include the amount of income taxes
s
t
ECuRIty
Ax
1040A, Line 12b or Federal Form 1040,
from Federal Form 1040, Schedule A,
Line 16b. If you are filing a combined
Include the amount of the social
Line 5 , or see the worksheet on page
return and both spouses had military
security tax withheld from your Form(s)
18 or 22.
retirement, combine those amounts on
This amount cannot exceed
W-2.
The amount you paid in state income
Line 1.
$7,254.
Enter the total on Line 2.
taxes included in your federal itemized
l
2 — t
P
Repeat for your spouse and enter the
InE
AxAblE
ublIC
deductions must be sub tracted to
P
total on Line 3.
EnsIon
determine Missouri itemized deduc-
l
4
5 — R
InEs
And
AIlRoAd
Include your total retirement benefits
tions.
R
t
from public sources (including mili-
EtIREmEnt
Ax
l
10 — E
t
InE
ARnIngs
AxEs
tary) reported on Federal Form 1040A,
Include the amount of railroad
If you entered an amount on Line 9
Line 12b or Federal Form 1040, Line
retirement tax withheld from your
and you live or work in the Kansas
16b. If you are filing a combined return
wages, Tier 1 and Tier II, during 2014.
City or St. Louis area, you may have
and both spouses had retirement bene-
This amount cannot exceed $11,082
fits from public sources, combine those
included earnings taxes. Include on
(Tier I maximum of $7,254 and Tier II
amounts on Line 2.
Line 10 the amount of earnings taxes
maximum of $3,828). Enter the total
withheld shown on Forms W-2. See
l
4 — m
b
InE
IlItARy
EnEFIts
on Line 4. Repeat for your spouse
Diagram Page 14, Box 19.
I
P
P
nCludEd In
ublIC
EnsIon
and enter the total on Line 5. If you
l
12 — t
E
InE
otAl
xEmPtIon
have both social security and Tier I
I
d
tEmIzEd
EduCtIons
railroad retirement tax, the maximum
Multiply the percentage calculated
deduction allowed is the amount
on Line 3 by the total public pension
If your total Missouri itemized
withheld as shown on the Form(s)
amount reported on Line 11 of
deductions are less than your standard
W-2 less, either the amount entered
Section A. If you did not claim a
deduction (see Pages 6 and 7, Line 8)
on Federal Form 1040, Line 71, or,
public pension, enter $0.
you should take the standard deduc-
if only one employer, the amount
tion on the front of Form MO-1040P,
l
6 — t
m
InE
otAl
IlItARy
refunded by the employer.
Line 8, unless you were required to
P
EnsIon
itemize your federal deductions. If you
l
6 — m
t
InE
EdICARE
Ax
The maximum military exemption
are required to itemize on the federal
Include
the
total
amount
of
you may claim in 2014 is equal to
return, you must use the itemized
Medicare tax for yourself and spouse
75 percent of your military pension.
amount from the itemized worksheet.
(combined). If you are not subject to
Multiply the amount on Line 5 by 75
Attach a copy of Federal Form 1040
percent.
“additional Medicare tax” on your
(pages 1 and 2) and Federal Schedule A.
federal return, enter the amount from
your Form(s) W-2. If you are subject
to “additional Medicare tax” on your
federal return, enter the amounts as
11

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