Instructions For Form Mo-1040p - Property Tax Credit/ Pension Exemption Short Form - 2012 Page 10
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32Line 3Y and 3S of the worksheet for
Lines 4 and 5 (bottom of page), and
enter those amounts here. If you are not
eligible for the social security or social
security disability exemption, enter a
$0 on Line 11.
PRIVATE PENSION
CALCULATION
l
2 — t
s
InE
AxAblE
oCIAl
s
b
ECuRIty
EnEFIts
Include the taxable 2012 social
security benefits. This information can
be found on:
• Federal Form 1040A—Line 14b
• Federal Form 1040—Line 20b
l
6 — t
P
InE
AxAblE
EnsIon
Include the taxable 2012 pension rece-
ived from private sources for each spouse.
This information can be found on:
• Federal Form 1040A - Lines 11b
and 12b
• Federal Form 1040 - Lines 15b and
16b
Do not include any payments from
public pensions, social security ben-
of the taxable social security on Line
portion of the taxable social security
efits, or railroad retirement payments
4, complete the worksheet for Lines
disability on Line 5, complete work-
on this line.
4 and 5.
sheet for Lines 4 and 5 (below).
SOCIAL SECURITY
l
5 — t
s
InE
AxAblE
oCIAl
OR SOCIAL SECURITY
Note: A taxpayer filing single, head
s
d
b
ECuRIty
IsAbIlIty
EnEFIts
of household, qualifying widower, or
DISABILITY
A disabled individual, receiving social
married filing separate may not enter
CALCULATION
security disability income (SSDI) for
amounts on both Line 4, Taxable
the entire taxable year should enter on
Social Security Benefits, and Line 5,
l
4 — t
s
InE
AxAblE
oCIAl
Line 5, the amount of federal taxable
Taxable Social Security Disability
s
b
ECuRIty
EnEFIts
benefits, which can be found on:
Benefits. Report only Social Security
To take the social security exemption,
• Federal Form 1040A— Line 14b
Benefits on Line 4 and Social Security
you must be age 62 or older. An in-
• Federal Form 1040—Line 20b
Disability Benefits on Line 5. How-
dividual that receives social security
ever, if you are married filing a com-
Taxable social security disability bene-
retirement benefits, partial benefits at
bined return, one spouse may enter an
fits must be allocated by each spouse’s
age 62, full benefits at age 65 or older,
amount on Line 4 and the other spouse
share of the benefits received for the
or a disabled individual receiving so-
may enter an amount on Line 5.
year. To determine each spouse’s
cial security disability income (SSDI),
W
l
4
5
who reaches full retirement age dur-
oRkshEEt FoR
InEs
And
ing the taxable year and receives re-
1. Total social security - Enter amount from:
1 __________
tirement benefits should include on
• Federal Form 1040A, Line 14a
Line 4, the amount of federal taxable
• Federal Form 1040, Line 20a
Yourself
Spouse
benefits, which can be found on:
2. Enter each spouse’s portion of the total social security
2Y________ 2S________
• Federal Form 1040A—Line 14b
3. Divide Line 2Y and 2S by Line 1
3Y______%
3S______%
• Federal Form 1040—Line 20b
4. Taxable social security - Enter amount from:
4 __________
Taxable social security benefits must
• Federal Form 1040A, Line 14b
be allocated by each spouse’s share
• Federal Form 1040, Line 20b
5. Multiply Line 4 by percentages on 3Y and 3S and enter 5Y________
5S________
of the benefits received for the year.
amounts here and on Lines 4 or 5 of page 17 or 21, Section C
To determine each spouse’s portion
10
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