Pennsylvania PA Schedule O - Other Deductions

PA Schedule O - Other Deductions
2023 PA Schedule O - Other Deductions (Form and Instructions) (PA-40 O)
IMPORTANT: FILL IN FORM MUST BE DOWNLOADED ONTO YOUR COMPUTER PRIOR TO COMPLETING
2301610057

PA SCHEDULE O
Other Deductions
PA-40 O (EX) 03-23 (FI)
PA Department of Revenue

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2023

OFFICIAL USE ONLY

Name (if filing jointly, use name shown first on the PA-40)

Social Security Number (shown first)

➜
(See the instructions.)

SECTION I

IRC SECTION 529 QUALIFIED TUITION PROGRAM CONTRIBUTIONS
(Limit $17,000 per beneficiary, per taxpayer-spouse.)
Beneficiary Information:

(a) Name:

Contributions by:
(b) Social Security Number

1.

2.

Total IRC Section 529 Contributions - Add all amounts listed (including
amounts on additional schedules).

SECTION II

(c) Taxpayer

(d) Spouse

1(c).

1(d).

2(c).

2(d).

IRC SECTION 529A PENNSYLVANIA ABLE SAVINGS ACCOUNT PROGRAM CONTRIBUTIONS
(See the instructions for limits on contributions.)
Beneficiary Information:

(a) Name:

Contributions by:
(b) Social Security Number

3.

4.

Total IRC Section 529A Contributions - Add all amounts listed
(including amounts on additional schedules).

SECTION III

(c) Taxpayer

(d) Spouse

3(c).

3(d).

4(c).

4(d).

OTHER DEDUCTIONS AND LIMITATIONS

5.

Medical Savings Account contributions allowed for federal purposes.

5(c).

5(d).

6.

Health Savings Account contributions allowed for federal purposes.

6(c).

6(d).

7.

Add Lines 2, 4, 5 and 6 and enter amounts here for taxpayer and/or spouse.

7(c).

7(d).

8.

Total income reported on PA-40 Line 9 by taxpayer and spouse separately.

8(c).

8(d).

9.

Lesser of Line 7 or Line 8 for taxpayer and/or spouse.

9(c).

9(d).

10.

Total Other Deductions - Add the amounts from Line 9 for taxpayer and/or spouse together.
Enter here and on Line 10 of your PA-40.

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2023
Instructions for PA-40 Schedule O

Other Deductions

PA-40 O IN 03-23

GENERAL INFORMATION
PURPOSE OF SCHEDULE
Use PA-40 Schedule O to report the amount of deductions
for contributions to Medical Savings or Health Savings Accounts and/or the amount of contributions to an IRC Section
529 Qualified Tuition Program and/or IRC Section 529A
Pennsylvania ABLE Savings Program by the taxpayer
and/or spouse.

RECORDING DOLLAR AMOUNTS
Show money amounts in whole-dollars only. Eliminate any
amount less than $0.50 and increase any amount that is
$0.50 or more to the next highest dollar.

WHO MUST COMPLETE
PA-40 Schedule O must be completed and included with an
originally filed PA-40, Personal Income Tax Return, if the taxpayer and/or spouse made contributions to a Medical Savings or Health Savings Account and/or made contributions
to an IRC Section 529 Qualified Tuition Program and/or IRC
Section 529A Pennsylvania ABLE Savings Program and the
taxpayer and/or spouse wish to take an amount as a deduction on Line 10 of the PA-40, Personal Income Tax Return.

LINE INSTRUCTIONS
SECTION I
IRC SECTION 529 QUALIFIED TUITION
PROGRAM CONTRIBUTIONS

LINE 1
COLUMN (a)
Enter the name of each beneficiary for whom an IRC Section 529 Qualified Tuition Program contribution was made
during the tax year.
IMPORTANT: Only include contributions made on behalf of a beneficiary up to and including Dec. 31 of the
tax year. Contributions made after Dec. 31 of the tax year
and before the April 15 of the following tax year may only be
included on the following tax year’s return.
COLUMN (b)
Enter the corresponding Social Security number for each
beneficiary listed in Column (a).

An amended PA Schedule O must be included with Schedule PA-40 X if increases or decreases in other deduction
amounts on PA Schedule O are discovered after an original
or other amended return is filed with the department. Section
III on Page 2 of Schedule PA-40 X must be completed to explain any increase or decrease to the amount of contributions and resulting deduction reported on an amended
PA-40, Personal Income Tax Return.

COLUMNS (c) AND (d)
Enter the amount contributed on behalf of each beneficiary
by the taxpayer and/ or spouse in the appropriate column.

SCHEDULE INSTRUCTIONS

CAUTION: Do not include more than $17,000 per
beneficiary in Column (c) or more than $17,000 per
beneficiary in Column (d).

IDENTIFICATION INFORMATION
NAME
Enter the name of the taxpayer. If a jointly filed return, enter
the name of the primary taxpayer (name shown first on the
PA-40, Personal Income Tax Return). Enter the primary taxpayer’s name even when only reporting the other deductions
for the spouse on a return filed using the Married, Filing
Jointly filing status.
SOCIAL SECURITY NUMBER
Enter the Social Security number (SSN) of the taxpayer.
Enter the primary taxpayer’s SSN also when reporting only
the other deductions for the spouse on a return filed using
the Married, Filing Jointly filing status.
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REMINDER: Include the amount of any IRC Section 529
contribution reported and made from the immediately preceding tax year’s PA-40 Schedule P, Refund Donations to
Pennsylvania 529 College Savings Program Accounts.

If there are more than 10 beneficiaries for which a deduction is claimed, please include a statement showing each beneficiary’s name Social Security number and the
amount of the deduction claimed for each of the beneficiaries by the taxpayer and/ or spouse.

LINE 2
COLUMNS (c) AND (d)
Add the amounts for Columns (c) and/or (d) and enter the
total.
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SECTION II
IRC SECTION 529A PENNSYLVANIA ABLE
SAVINGS ACCOUNT PROGRAM CONTRIBUTIONS

LINE 3
COLUMN (a)
Enter the name of each beneficiary for whom an IRC Section 529A Pennsylvania ABLE Savings Program contribution
was made during the tax year.
IMPORTANT: Only include contributions made on behalf of a beneficiary up to and including Dec. 31 of the
tax year. Contributions made after Dec. 31 of the tax year
and before the April 15 of the following tax year may only be
included on the following tax year’s return.
COLUMN (b)
Enter the corresponding Social Security number for each
beneficiary listed in Column (a).
COLUMNS (c) AND (d)
Enter the amount contributed on behalf of each beneficiary
by the contributor (taxpayer and/or spouse) in the appropriate column.
If there are more than three beneficiaries for which a
deduction is claimed, please include a statement
showing the name, Social Security number and the amount
of the deduction claimed by the contributor for each beneficiary.

LINE 4
COLUMNS (c) AND (d)
Add the amounts for Columns (c) and/or (d) and enter the
total.
CAUTION: The maximum contributions to any one
Pennsylvania ABLE Savings Program account by one
or more contributors cannot exceed the annual federal gift
tax exclusion amount. In addition, the maximum contributions by a contributor to one or more accounts cannot exceed the annual federal gift tax exclusion amount. The
current annual federal gift tax exclusion amount is $17,000.

LINE 6
COLUMNS (c) AND (d)
Enter the amount of Health Savings Account contributions
for the taxpayer and/or spouse allowed for federal income
tax purposes.
If claiming either of the deductions on Line 5 or Line 6
of this schedule, a copy of Pages 1 and 2 of federal
Form 1040 along with a copy of Form 1040, Schedule 1
must be included with the PA-40, Personal Income Tax Return.

LINE 7
COLUMNS (c) AND (d)
Add the amounts in Columns (c) and/ or (d) from Lines 2, 4,
5 and 6 together and enter the results here.

LINE 8
COLUMNS (c) AND (d)
Enter the total income included in Line 9 of the PA-40, calculated for the taxpayer and spouse separately.
NOTE: When added together, the amounts reported
separately for the taxpayer and/or spouse for Line 8
of PA Schedule O should equal Line 9 of the PA-40.

LINE 9
COLUMNS (c) AND (d)
Compare the amounts on Lines 7 and 8 for Columns (c)
and/or (d). Enter the lesser of the amounts for each column.

LINE 10
Add the amounts for Columns (c) and (d) from Line 9 together. Enter the Total Other Deductions amount here and
on Line 10 of the PA-40, Personal Income Tax Return.

SECTION III
OTHER DEDUCTIONS AND LIMITATIONS

LINE 5
COLUMNS (c) AND (d)
Enter the amount of Medical Savings Account contributions
for the taxpayer and/or spouse allowed for federal income
tax purposes.

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