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PENSION AND SOCIAL SECURITY/SOCIAL SECURITY DISABILITY/MILITARY EXEMPTION

PUBLIC PENSION CALCULATION

Pensions received from any federal, state, or local government.

—

1. Missouri adjusted gross income from Form MO-1040P, Line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Taxable social security benefits from Federal Form 1040A, Line 14b or Federal Form 1040, Line 20b. . . . . . . . . . . . . . .

3. Subtract Line 2 from Line 1.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Select the appropriate filing status and enter amount on Line 4. Married filing combined - $100,000; Single, Head of

Household, Married Filing Separate, and Qualifying Widow - $85,000.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Subtract Line 4 from Line 3 and enter on Line 5. If Line 4 is greater than Line 3, enter $0. . . . . . . . . . . . . . . . . . . . . . . . .

S - SPOUSE

Y - YOURSELF

6. Taxable pension for each spouse from public sources from Federal Form 1040A, Line 12b or 1040, Line 16b. . . . . . . . .

00 6S

7. Multiply Line 6 by 100%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

00 7S

8. Amount from Line 7 or $35,234 (maximum social security benefit), whichever is less. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

00 8S

9. Amount from Line 6 or $6,000, whichever is less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

00 9S

10Y

00 10S

1 0. Amount from Line 8 or Line 9, whichever is greater. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 1. If you received taxable social security complete Lines 1 through 8 of Section C and enter the amount(s) from Line(s)

11Y

00 11S

6Y and 6S. See instructions if Line 3 of Section C is more than $0... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 2. Subtract Line 11 from Line 10. If Line 11 is greater than Line 10, enter $0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12Y

00 12S

1 3. Add amounts on Lines 12Y and 12S.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 4. Total public pension, subtract Line 5, from Line 13. If Line 5 is greater than Line 13, enter $0. . . . . . . . . . . . . . . . . . . .

PRIVATE PENSION CALCULATION

Annuities, pensions, IRA’S, and 401(k) plans funded by a private source.

—

1. Missouri adjusted gross income from Form MO-1040P, Line 4.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Taxable social security benefits from Federal Form 1040A, Line 14b or Federal Form 1040, Line 20b.. . . . . . . . . . . . . .

3. Subtract Line 2 from Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. S elect the appropriate filing status and enter the amount on Line 4: Married filing combined: $32,000; Single,

Head of Household and Qualifying Widower: $25,000; Married Filing Separate: $16,000. . . . . . . . . . . . . . . . . . .

5. Subtract Line 4 from Line 3. If Line 4 is greater than Line 3, enter $0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Y - YOURSELF

S - SPOUSE

6. Taxable pension for each spouse from private sources from Federal Form 1040A, Lines 11b and 12b, or Federal

00 6S

Form 1040, Lines 15b and 16b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

00 7S

7. Amounts from Line 6Y and 6S or $6,000, whichever is less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8. Add Lines 7Y and 7S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9. Total private pension, subtract Line 5 from Line 8. If Line 5 is greater than Line 8, enter $0. . . . . . . . . . . . . . . . . . . . .

SOCIAL SECURITY OR SOCIAL SECURITY DISABILITY CALCULATION

— To be eligible for social security deduction you must be 62 years of age

by December 31 and have marked the 62 and older box on Form MO-1040P. Age limit does not apply to social security disability deduction.

1. Missouri adjusted gross income from Form MO-1040P, Line 4.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Select the appropriate filing status and enter the amount on Line 2. Married filing combined - $100,000

Single, Head of Household, Married Filing Separate, and Qualifying Widower - $85,000. . . . . . . . . . . . . . . . . . . . . .

3. Subtract Line 2 from Line 1 and enter on Line 3. If Line 2 is greater than Line 1, enter $0.. . . . . . . . . . . . . . . . . . . . . . . .

Y - YOURSELF

S - SPOUSE

4. Taxable social security benefits for each spouse from Federal Form 1040A, Line 14b or Federal Form 1040, Line 20b. . . .

00 4S

5 . Taxable social security disability benefits for each spouse from Federal Form 1040A, Line 14b or 1040, Line 20b. . . . . . . . . .

00 5S

6 . Multiply Line 4 or Line 5 by 100%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

00 6S

7. Add Lines 6Y and 6S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8. Total social security/social security disability, subtract Line 3 from Line 7. If Line 3 is greater than Line 7, enter $0. . . . .

MILITARY PENSION CALCULATION

1. Military retirement benefits included on Federal Form 1040A, Line 12b or Federal Form 1040, Line 16b. . . . . . . . . . . . .

2. Taxable public pension from Federal Form 1040A, Line 12b or Federal Form 1040, Line 16b. . . . . . . . . . . . . . . . . . . . .

3. Divide Line 1 by Line 2 (Round to whole number).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Multiply Line 3 by Line 14 of Section A. If you are not claiming a public pension exemption, enter $0. . . . . . . . . . . . . . .

5 . Subtract Line 4 from Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 . Total military pension, multiply Line 5 by 45%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

TOTAL PENSION AND SOCIAL SECURITY/SOCIAL SECURITY DISABILITY/MILITARY EXEMPTION

MIL

Add Line 14 (Section A), Line 9 (Section B), Line 8 (Section C), and Line 6 (Section D).

TOTAL

Enter total amount here and on Form MO-1040P, Line 10.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

EXEMPTION

MO-1040P (12-2012)