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

FORM MO-PTS

amount from Line 8 of Section C. For

Note: A taxpayer filing single, head of

married couples with income greater than

household, qualifying widow(er), or married

$100,000 , multiply Line 8 by the percent-

filing separate may not enter amounts on

INFORMATION TO COMPLETE

ages on Line 3Y and 3S of the worksheet

both Line 4, Taxable Social Security Benefits,

FORM MO-PTS

for Lines 4 and 5 (below), and enter those

and Line 5, Taxable Social Security Disability

amounts here. If you are not eligible for the

Benefits. Report only Social Security Benefits

If you qualify for the Property Tax Credit you

social security or social security disability

on Line 4 and Social Security Disability

must attach your Form MO-PTS to your

exemption, enter a $0 on Line 8.

Benefits on Line 5. However, if you are

Form MO-1040 and mail to: Missouri

married filing a combined return, one spouse

Department of Revenue, P.O. Box 2800,

PRIVATE PENSION CALCULATION

may enter an amount on Line 4 and the

Jefferson City, MO 65105-2800.

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other spouse may enter an amount on Line 5.

Important: You must complete Form

ecuRity

eneFits

MILITARY PENSION CALCULATION

MO-1040, Line 1 through Line 37, before

Include the taxable 2014 social security

you complete Form MO-PTS.

A military pension is a pension received for

benefits. This information can be found on:

Note: If your filing status on Form MO-1040

your service in a branch of the armed services

• Federal Form 1040A—Line 14b

is married filing combined, but you and your

of the United States, including the Missouri

• Federal Form 1040—Line 20b

spouse lived at different addresses the entire

Army Reserve and Missouri National Guard.

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ension

year, you may file a separate Form MO-PTC.

You must reduce your military pension

Do not include spouse name or social security

exemption by any portion of your military

Include the taxable 2014 pension received

number if you marked married filing separate.

pension that is included in the calculation of

from private sources for each spouse. This

(Exam ple: One spouse lives in a nursing home

information can be found on:

your public pension exemption. Therefore, if

or residential care facility while the other

• Federal Form 1040A— Lines 11b and 12b

you qualify for the public pension, make sure

spouse remains in the home the entire year.)

• Federal Form 1040—Lines 15b and 16b

you complete the Public Pension Calculation

If filing a separate Form MO-PTC, you cannot

Do not include any payments from public

(Section A) before you calculate your military

pensions, social security benefits, or

take the $2,000 or $4,000 deduction on Line

pension exemption.

railroad retirement payments on this line.

7 and you cannot calculate your Property Tax

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ilitARy

Credit on the Form MO-PTS.

SOCIAL SECURITY OR SOCIAL

etiRement

eneFits

SECURITY DISABILITY

uAliFicAtions

Include your total military retirement bene-

CALCULATION

Check the applicable box to indicate under

fits reported on Federal Form 1040A, Line

which qualification you are filing the Form

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12b or Federal Form 1040, Line 16b. If

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MO-PTS. You must check a qualification

you are filing a combined return and both

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box to be eligible for the credit. Check only

spouses had military retirement, combine

To take the social security exemption, you

one box. Attach the appropriate documen-

those amounts on Line 1.

must be age 62 or older. An individual that

tation to verify your qualification. (The

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receives social security retirement benefits,

ine

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ublic

ension

required documentation is listed behind

partial benefits at age 62, full benefits at

Include your total retirement benefits

each qualification on Form MO-PTS.)

age 65 or older, or a disabled individual

from public sources (including military)

receiving social security disability income

reported on Federal Form 1040A, Line 12b

HELPFUL HINTS

(SSDI), who reaches full retirement age

or Federal Form 1040, Line 16b. If you are

If you are married and living together, you

during the taxable year and receives retire-

filing a combined return and both spouses

must file married filing combined and

ment benefits should include on Line 4, the

had retirement benefits from public sources,

include all household income. Please use the

amount of federal taxable benefits, which

combine those amounts on Line 2.

social security number of the person filing

can be found on:

the claim.

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ncluded

• Federal Form 1040A—Line 14b

ublic

ension

xemption

• Federal Form 1040—Line 20b

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ecuRity

eneFits

Taxable social security benefits must

Multiply the percentage calculated on Line 3

be allocated by each spouse’s share of

Enter the amount of nontaxable social

by the total public pension amount reported

the benefits received for the year. To

security benefits before any deductions and

on Line 13 of Section A. If you did not claim a

determine each spouse’s portion of the

the amount of social security equivalent

public pension, enter $0.

taxable social security on Line 4, complete

railroad re tire ment benefits. See the fol low

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ilitARy

ension

worksheet for Lines 4 and 5 (below).

ing to deter mine nontaxable benefits:

The maximum military exemption you may

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• Federal Form 1040, Line 20a less Line 20b

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claim in 2014 is equal to 75 percent of your

• Federal Form 1040A, Line 14a less Line 14b

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military pension. Multiply the amount on

Line 5 by 75 percent.

A disabled individual, receiving social

security disability income (SSDI) for the

WORKSHEET FOR LINES 4 AND 5

entire taxable year should enter on Line

5, the amount of federal taxable benefits,

1. Total social security - Enter amount from:

1 __________

which can be found on:

• Federal Form 1040A, Line 14a

• Federal Form 1040A— Line 14b

• Federal Form 1040, Line 20a

• Federal Form 1040—Line 20b

Yourself

Spouse

Taxable social security disability benefits

must be allocated by each spouse’s share

2. Enter each spouse’s portion of the total social security

2Y________

2S________

of the benefits received for the year. To

3. Divide Line 2Y and 2S by Line 1

3Y______%

3S______%

determine each spouse’s portion of the

4. Taxable social security - Enter amount from:

4 __________

taxable social security disability on Line

• Federal Form 1040A, Line 14b

5, complete worksheet for Lines 4 and 5

• Federal Form 1040, Line 20b

(below).

5. Multiply Line 4 by percentages on 3Y and 3S and enter

5Y________

5S________

amounts here and on Lines 4 or 5 of Part 3 of the MO-A, Section C

Form Mo-1040 - Individual Income Tax Return - Long Form - 2014 Page 36

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