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MILITARY PENSION

MISSOURI ITEMIZED

8 — s

InE

tAtE And

CALCULATION

DEDUCTIONS

oCAl

nComE

AxEs

Include the amount of income taxes

You cannot itemize your Missouri

A military pension is a pension

from Federal Form 1040, Schedule

de duc tions if you took the standard

received for your service in a branch of

A, Line 5. The amount you paid in

deduction on your federal return. See

the armed services of the United States,

state income taxes included in your

Pages 6 and 7, Line 8.

including the Missouri Army Reserve

federal itemized deductions, must be

and Missouri National Guard. You

You must itemize your Missouri

sub tracted to determine Missouri item-

must reduce your military pension

de duc tions if you were required to

ized deductions.

exemption by any portion of your

itemize on your federal return.

military pension that is included

9 — E

InE

ARnIngs

AxEs

1 — F

InE

EdERAl

in the calculation of your public

If you entered an amount on Line 8

tEmIzEd

EduCtIons

pension exemption. Therefore, if

and you live or work in the Kansas

you qualify for the public pension

Include your total federal itemized ded-

City or St. Louis area, you may have

exemption, make sure you complete

uctions from Federal Form 1040, Line 40,

included earnings taxes. Include on

the Public Pension Calculation (Section

and any approved cul tural contributions

Line 9 the amount of earnings taxes

A) before you calculate your military

(literary, musical, scholas tic, or artistic) to

withheld shown on Forms W-2. See

pension exemption.

a tax exempt agency or institution that is

Diagram Page 14, Box 19.

1 — t

operated on a not-for-profit basis. Cash

InE

AxAblE

IlItARy

11 — t

InE

otAl

contributions do not qualify.

EtIREmEnt

EnEFIts

tEmIzEd

EduCtIons

3 — s

InEs

And

oCIAl

Include your total military retirement

If your total Missouri itemized

(FICA)

benefits reported on Federal Form

ECuRIty

deductions are less than your standard

1040A, Line 12b or Federal Form 1040,

Social security tax is the amount in

deduction (see Pages 6 and 7, Line 8)

Line 16b. If you are filing a combined

the social security tax withheld box

you should take the standard deduc-

return and both spouses had military

on Forms W-2. The amount cannot

tion on the front of Form MO-1040P,

retirement, combine those amounts on

exceed $4,624. Your Medicare is the

Line 8, unless you were required to

Line 1.

amount in the Medicare tax withheld

itemize your federal deductions. If you

2 — t

InE

AxAblE

ublIC

box on Forms W-2. Enter the total on

are required to itemize on the federal

EnsIon

Line 2. Repeat for your spouse and

return, you must use the itemized

enter the total on Line 3.

amount from the itemized worksheet.

Include your total retirement benefits

Attach a copy of Federal Form 1040

from public sources (including mili-

5 — R

InEs

And

AIlRoAd

(pages 1 and 2) and Federal Schedule A.

tary) reported on Federal Form 1040A,

EtIREmEnt

Line 12b or Federal Form 1040, Line

FORM MO-PTS

16b. If you are filing a combined return

Include the amount of railroad

and both spouses had retirement bene-

retirement tax withheld from your

Information to Complete

fits from public sources, combine those

wages, Tier I and Tier II, during

Form MO-PTS

amounts on Line 2.

2012.

The amount cannot exceed

4 — m

$7,818. (Tier I maximum of $4,624

If you qualify for the Property Tax

InE

IlItARy

EnEFIts

and Tier II max i mum of $3,194.

Credit you must attach your Form

nCludEd In

ublIC

EnsIon

Enter the total on Line 4. Repeat for your

MO-PTS to your Form MO-1040P and

xEmPtIon

spouse and enter the total on Line 5.

mail to: Missouri Department of Rev-

Multiply the percentage calculated

enue, P.O. Box 2800, Jefferson City,

If you have both FICA and railroad

on Line 3 by the total public pension

MO 65105-2800.

retirement tax, the maximum de duc tion

amount reported on Line 14 of

allowed is the amount withheld as shown

Important: You must complete Form

Section A. If you did not claim a

on the Forms W-2 less, either the

MO-1040P, Line 1 through Line 19,

public pension, enter $0.

amount entered on Federal Form 1040,

before you complete Form MO-PTS.

6 — t

InE

otAl

IlItARy

Line 69, or, if only one employer, the

Note: If your filing status on Form

amount refunded by the employer.

EnsIon

MO-1040P is married filing combined,

but you and your spouse lived at

The maximum military exemption

6 —

InE

different addresses the entire year, you

you may claim in 2012 is equal to

-E

ElF

mPloymEnt

may file a separate Form MO-PTC. Do

45 percent of your military pension.

Include as your self-employment tax

not include spouse name and social

Multiply the amount on Line 5 by 45

the amount from Federal Form 1040,

security number if you marked married

percent.

Line 56 minus Line 27, or Federal Form

filing separate.

1040NR, Line 54 minus Line 27.

Instructions For Form Mo-1040p - Property Tax Credit/ Pension Exemption Short Form - 2012 Page 11

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