Form Mo-1040 - Individual Income Tax Return - Long Form

The maximum annual exempt con tri bution is

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PART 2

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$8,000 for single individuals or $16,000 for

If you entered an amount on Line 9 and

married couples filing a combined return. If

MISSOURI ITEMIZED DEDUCTIONS

you live or work in the Kansas City or St.

you are a participant claiming a subtraction for

You cannot itemize your Missouri deductions

Louis area, you may have included earnings

a contribution made to the savings pro gram,

if you took the standard deduction on your

taxes. Include on Line 10 the amount of

you must attach your statement pro vided by

federal return. See Page 7, Line 14. You must

earnings taxes withheld shown on Forms

the program manager. The statement must

itemize your Missouri deductions if you were

W-2. See Diagram 1, Page 34, Box 19.

be in the name of a plan participant (account

re quired to itemize on your federal return.

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issouRi

owner) claiming the subtraction.

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temized

eductions

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uAliFied

eAlth

eductions

If your total Missouri itemized deductions

nsuRAnce

Remiums

Include your total federal itemized deductions

are less than your standard deduction (see

Enter the amount you paid for health

from Federal Form 1040, Line 40, and any

Page 7, Line 14), you should take the stan-

insurance premiums not to exceed your

approved cultural contributions (literary, musi-

dard deduction on Form MO-1040, Line 14,

federal taxable income. Do not include

cal, scholastic, or artistic) to a tax exempt agency

unless you were re quired to itemize your

any pre-tax premiums paid, any premiums

or institution that is operated on a not-for-profit

federal deductions.

excluded from federal taxable income, or

basis. Cash con tributions do not qualify.

PART 3

any long term care insurance premiums.

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PENSION AND SOCIAL SECURITY/

Use the worksheet on page 26 to determine

Include the amount of the social security

SOCIAL SECURITY DISABILITY/

your allowable subtraction.

tax withheld from your Form(s) W-2. This

MILITARY EXEMPTION

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ine

epReciAtion

amount cannot exceed $7,254. Enter the

If you are claiming a pension, social

total on Line 2. Repeat for your spouse and

djustment

security, social security disability, or

enter the total on Line 3.

If you purchased an asset between July

military exemption, you must attach a copy

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1, 2002, and June 30, 2003, and you elected

ines

And

AilRoAd

of your federal return (pages 1 and 2), your

to use the 30 percent depreciation on your

etiRement

Forms 1099-R, and SSA-1099. Failure to

federal return, you may be able to subtract

provide this information will result in your

Include the amount of railroad retirement

a portion of the depreciation.

Enter the

exemption being disallowed.

tax withheld from your wages, Tier I and Tier

additional depreciation created by the Job

II, during 2014. This amount cannot exceed

ublic

ension

AlculAtion

Creation and Worker Assistance Act previ-

$11,082 (Tier I maximum of $7,254 and Tier

ously added back in prior years to the extent

Public pensions are pensions received from

II maximum of $3,828). Enter the total on

allowable by Section 143.121, (RSMo). This

any federal, state, or local government. If

Line 4. Repeat for your spouse and enter the

amount is computed by figuring the allow-

you have questions about whether your

total on Line 5. If you have both social secu-

able depreciation prior to the Job Creation

pension is a public or a private pension,

rity and Tier I railroad retirement tax, the

and Worker Assistance Act less the depre-

contact your pension administrator.

maximum deduction al lowed is the amount

ciation taken on your federal return. If you

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withheld as shown on the Form(s) W-2 less,

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issouRi

djusted

Ross

have previously taken an addition modification

either the amount entered on Federal Form

ncome

for a qualifying property, but have sold or

1040, Line 71, or, if only one employer, the

disposed of the property during the taxable

Include your Missouri adjusted gross

amount refunded by the employer.

year, check the box on Line 12 and take a

income from Form MO-1040, Line 6.

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ine

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subtraction for the amount not previously

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recovered. More information and examples can

Include the total amount of Medicare tax

eneFits

be found on the Department’s website at

for yourself and spouse (combined). If you

Include the taxable 2014 social security

are not subject to “additional Medicare tax”

pdf.

benefits for each spouse. This information

on your federal return, enter the amount

can be found on:

from your Form(s) W-2.

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ine

ome

neRgy

udit

• Federal Form 1040A—Line 14b

If you are subject to “additional Medicare

xpenses

• Federal Form 1040—Line 20b

tax” on your federal return, enter the

Enter the amount you paid for the costs incurred

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amounts as calculated below. You must

ine

AxAble

ublic

ension

for a home energy audit or the implementa-

attach a copy of Federal Form 8959.

Include the taxable 2014 public pension for

tion of any energy efficiency recommenda-

• Wage income: Form(s) W-2, Box 6,

each spouse. This information can be found on:

tions, to the extent the amounts paid were not

plus Line 7 of Federal Form 8959,

• Federal Form 1040A—Line 12b

subtracted from federal taxable income. The

minus Line 22 of Federal Form 8959;

• Federal Form 1040—Line 16b

amount of the subtraction is limited to $1,000

• Railroad retirement compensation:

Do not include any payments from private

for taxpayers filing a single return or $2,000

Railroad retirement Medicare tax

pensions, social security benefits or railroad

for taxpayers filing a combined return. Please

withheld on Form(s) W-2, Box 14,

retirement payments on this line.

complete and attach Form MO-HEA found on

plus Line 17 of Federal Form 8959,

(Exception: If you are 100 percent disabled,

page 25.

minus Line 23 of Federal Form 8959.

you may consider railroad retirement as

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ubtRActions

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mployment

taxable public pension.)

Add Lines 7 through 13. Enter the total on

Include the amount from Federal Form 1040,

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Form MO-A, Part 1, Line 14 and on Form

Line 57 minus Line 27, plus Federal Form

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isAbility

MO-1040, Line 4.

8959, Line 13; or Federal Form 1040NR, Line

xemption

Note:

Do not include income earned in

55 minus Line 27, plus Federal Form 8959,

other states on Line 14.

Com plete Form

Include the amount from Lines 6Y and 6S

Line 13.

MO-NRI (Missouri Income Percentage) or

from Part 3 of the MO-A, Section C (social

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ncome

Axes

Form MO-CR (Credit for Income Taxes Paid

security or social security disability calcu-

Include the amount of income taxes from

to Other States or Political Subdivisions). See

lation), unless you are a single individual

Federal Form 1040, Schedule A, Line 5.

Form MO-1040, Line 26 or Line 27.

with income greater than $85,000 or a

The amount you paid in state income taxes

married couple with income greater than

included in your federal itemized deduc-

$100,000.

For single individuals with

tions, must be subtracted to deter mine

income greater than $85,000 enter the

Missouri itemized deductions.

Form Mo-1040 - Individual Income Tax Return - Long Form - 2014 Page 35

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