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Missouri Free Printable MO-1040P - 2020 Property Tax Credit and Pension Exemption Short Form for 2024 Missouri Information to Complete MO-PTS (Form MO-1040P)

Form MO-PTS-INS_1040P is obsolete, and is no longer supported by the Missouri Department of Revenue.

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Information to Complete MO-PTS (Form MO-1040P)
MO-1040P - 2020 Property Tax Credit and Pension Exemption Short Form

2020 Form MO-1040P Property Tax Credit and Pension Exemption Short Form Complete a MO W-4 We encourage you to review and complete a new W-4 each year, especially if your filing status has changed. Request a W-4 from your employer or print it at https://dor.mo.gov/forms. Sign up to Receive Return Status Updates @ Get text or email notifications each time the status of your return changes. See page 5 for more information. ! File Electronically Electronic filing is fast and easy. See page 2 for details. Tax Deadline is April 15. See page 5 for extensions. Electronic Filing Options for Federal and State E-File Missouri, in cooperation with the Internal Revenue Service (IRS), offers a joint federal and state filing of individual income tax returns. There are two ways that you may e-file your federal and state income tax returns: 1) You can electronically file your federal and state returns online from websites provided by approved software providers. Many providers offer free filing if you meet certain conditions. A list of approved providers can be found at http://dor.mo.gov/personal/individual/ vendors.php#freeonline. 2) You can have a tax preparer (if approved by the IRS) electronically file your federal and state returns for you, usually for a fee. A list of approved tax preparers can be found at http://dor.mo.gov/personal/. BENEFITS OF ELECTRONIC FILING Convenience: You can electronically file 24 hours a day, 7 days a week. If you electronically file DO NOT mail a copy of your return. Security: Your tax return information is encrypted and transmitted over secure lines to ensure confidentiality. Accuracy: Electronically filed returns have fewer errors than paper returns. Direct Deposit: You can have your refund directly deposited into your bank account. Proof of Filing: An acknowledgment is issued when your return is received and accepted. ASSISTANCE WITH PREPARING YOUR TAX RETURN There are a large number of volunteer groups around Missouri providing tax assistance to elderly or lower income taxpayers. To locate a volunteer group near you that offers return preparation assistance: call 800-906-9887 or 888-227-7669 or visit https://www.irs.gov/filing/free-file-do-yourfederal-taxes-for-free. You will find a larger volume of volunteer centers open during the filing season, which is typically January through April. 2-D BARCODE RETURNS If you plan to file a paper return, you should consider 2-D barcode filing. The software encodes all your tax information into a 2-D barcode, which allows your return to be processed with fewer errors compared to traditional paper returns. If you use software to prepare your return, check our website for approved 2-D barcode software companies. Also, check out the Department’s fill-in forms that automatically calculate and provide your return with a 2-D barcode. You can have your refund directly deposited into your bank account when you use the Department’s fill-in forms. If your form has a 2-D barcode, mail your return to the Department of Revenue address as indicated below: Refund returns: P.O. Box 3222, Jefferson City, MO 65105-3222 Refund returns claiming a property tax credit: P.O. Box 3385, Jefferson City, MO 65105-3385 Balance due returns: P.O. Box 3370, Jefferson City, MO 65105-3370 Balance due returns claiming a property tax credit: P.O. Box 3395, Jefferson City, MO 65105-3395 2 WHAT’S INSIDE Tax Chart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Property Tax Credit Chart . . . . . . . . . . . . . . . . . . . 29-31 Electronic Filing Options . . . . . . . . . . . . . . . . . . . . . 2, 32 Do You Have the Right Form? . . . . . . . . . . . . . . . . . . . . 3 Am I Eligible? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Important Filing Information . . . . . . . . . . . . . . . . . . . 4-6 Information to Complete Form MO-1040P . . . . . . 6-12 Pension Exemption . . . . . . . . . . . . . . . . . 7, 10, 11, 21, 22 Itemized Deductions . . . . . . . . . . . . . . . . . . . . 7, 11, 12, 23 Information to Complete Form MO-PTS . . . . . . . . 12-14 Information to Complete Form MO-CRP . . . . . . . . . 15 Consumer’s Use Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 FORMS Diagram of Form W-2 . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Form 1040P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17-20 Form MO-PTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25-26 Form MO-CRP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Form 5674 (Verification of Rent Paid) . . . . . . . . . . . 28 Form 1040V . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Property Tax Credit Filers - Please Note To claim the Property Tax Credit: • The maximum income level for residents who rent is $27,200 (after any exemption). • The maximum income level for residents who own and occupy their home for the entire year is $30,000 (after any exemptions). • The maximum credit for residents who own and occupy their home is $1,100. If you rent the maximum credit is $750. NOTE: If you rent from a facility that does not pay property taxes, you are not eligible for a Property Tax Credit. Failure to include required documentation or information may reduce or delay your refund. DO YOU HAVE THE RIGHT FORM? You may use this tax form to file your 2020 Missouri Individual Income tax return if you: 1. Are a one income filer (have income from one spouse, if married), or are single; 2. Were a Missouri resident, nonresident or part year resident with Missouri income only; 3. Claim the standard or itemized deductions; and 4. Do not have any tax credits or modifications to your income. You cannot use this tax form if you: 1. Have income from another state; 2. Are filing an amended return; 3. Have military pay; 4. You have a Net Operating Loss (NOL); 5. You are a fiscal year filer; 6. You have any of the following Missouri modifications: a. Positive or negative adjustments from partnerships, fiduciaries, S corporations, or other sources; b. Nonqualified distribution received from the Missouri Savings for Tuition Program (MOST), or other qualified 529 Plan; c. Exempt contributions made to or earnings from the Missouri Savings for Tuition Program (MOST), or other qualified 529 plan; d. Interest from federal exempt obligations; e. Interest from state and local obligations; f. Capital gain exclusion; g. Railroad retirement modifications; h. Negative bonus depreciation adjustments; i. Enterprise Zone or Rural Empowerment Zone Modification; j. Are a nonresident alien; k. Are a nonresident stationed in Missouri and you or your spouse earned nonmilitary income while in Missouri; l. Qualified Health Insurance Premiums; m. Achieving a Better Life Experience Program (ABLE) modifications; n. Agriculture disaster relief income; or o. Employee Stock Ownership Plan (ESOP). 7. You are claiming: a. Miscellaneous Tax Credits (Form MO-TC); b. Credit made with the filing of an Application for Extension of Time to File (Form MO-60); c. A deduction for other federal tax (from Federal Form 1040 or 1040-SR and applicable schedules): • Schedule 2, Part 1, Line 3; • Schedule 2, Part 2, Line 6; • Schedule 3, Part 1, Line 1; • Schedule 2, Part 2, Line 7b; and • Any recapture taxes included on Schedule 2, Part 2, Line 10. d. A Healthcare Sharing Ministry deduction; e. A Bring Jobs Home deduction; f. Transportation Facilities deduction; or g. First-Time Home Buyers deduction. 8. You owe a penalty for underpayment of estimated tax; 9. You owe tax on a lump sum distribution included on your Federal Form 1040 or Federal Form 1040-SR, Line 16; 10. You owe recapture tax on low income housing credit; or 11. You are a fiscal year filer. Note: Use the property Tax Credit Claim (Form MO-PTC) if you are not required to file an individual income tax return, but you are eligible to file for a Property Tax Credit. 3 Am I Eligible? Use this diagram to determine if you or your spouse are eligible to claim the Property Tax Credit (Circuit Breaker) Start diagram by choosing Box 1 or Box 2 and follow to conclusion. 1 YES Renters / Part-Year Owners - If single, is your total household income $27,200 or less? If married filing combined, is your total household income $29,200 or less? If you are a 100 percent service connected disabled veteran, do not include VA payments. OR 2 NO N NO O T Owned and occupied your home the entire year - If single, is your total household income $30,000 or less? If married filing combined, is your total household income $34,000 or less? If you are a 100 percent service connected disabled veteran, do not include VA payments. YES Did you pay real estate taxes or rent on the home you occupied? Renters: If you rent from a facility that does not pay property taxes, you are not eligible for a Property Tax Credit. YES Can you truthfully state that you do not employ illegal or unauthorized aliens? NO NO YES Were you or your spouse 65 years of age or older as of De­cem­ber 31, 2020, and a Missouri resident the entire 2020 calendar year? If so, select Box A on Form MO-PTS. YES NO Are you or your spouse 100 percent disabled as a result of military service? If so, select Box B on Form MO-PTS. NO YES Are you or your spouse 100 percent disabled? If so, select Box C on Form MO-PTS. NO YES Were you 60 years of age or older as of December 31, 2020, and receiving sur­viving spouse social security benefits? If so, select Box D on Form MO-PTS. NO E L I G I B L E YES YOU ARE ELIGIBLE This information is for guidance only and does not state complete law. 1. Are a resident and have less than $1,200 of Missouri adjusted gross income; TO OBTAIN FORMS Visit the our Department’s website at http://dor.mo.gov/ personal/taxselector to use the Department’s form selector to obtain specific tax forms. 2. Are a nonresident with less than $600 of Missouri income; or 3. Have Missouri adjusted gross income less than the amount of your standard deduction for your filing status. If you need to obtain federal forms, you can go to the IRS website at www.irs.gov. Note: If you are not required to file a Mis­souri return, but you received a Wage and Tax Statement (Form W-2) stating you had Missouri tax withheld, you must file your Missouri return to get a refund of your Missouri withholding. If you are not required to file a Missouri return and you do not anticipate an increase in income, you may change your Employee Withholding Allowance Certificate (Form MO W-4) to “exempt” so your employer will not withhold Missouri tax. If you are a nonresident alien, visit https://dor.mo.gov/personal/nonresident/ for more information. IMPORTANT FILING INFORMATION This information is for guidance only and does not state the complete law. FILING REQUIREMENTS You do not have to file a Missouri return if you are not required to file a federal return. If you are required to file a federal return, you may not have to file a Missouri return if you: WHEN TO FILE The 2020 returns are due April 15, 2021. 4 through 49 cents, round down to the previous whole dollar amount. For 50 cents through 99 cents, round up to the next whole dollar amount.  EXTENSION OF TIME TO FILE You are not required to file an ex­ten­sion if you do not expect to owe additional income tax or if you anticipate receiving a refund. Example: If you wish to file a Missouri extension, and do not expect to owe Missouri income tax, you may file an extension by filing an Appli­ca­tion for Extension of Time to File (Form MO-60). An auto­matic extension of time to file will be granted until October 15, 2021. Round $32.49 down to $32.00 Round $32.50 up to $33.00 AMENDED RETURN You must use Individual Income Tax Return Long Form (Form MO-1040) for the year being amended. See information on page 4 on how to obtain Form MO-1040 and instructions. If you receive an extension of time to file your federal income tax return, you will automatically be granted an extension of time to file your Missouri income tax return, provided you do not expect to owe any additional Missouri income tax. Select the box at the top of Form MO-1040P indicating you have an approved federal extension and attach a copy of your federal extension (Federal Form 4868) with your Missouri income tax return when you file. FILL-IN FORMS THAT AUTOMATICALLY CALCULATE Visit http://dor.mo.gov/personal/individual/ to enter your tax information and let us do the math for you. No calculation errors means faster processing. Just complete, print, sign, and mail the return. These forms contain a 2-D barcode at the top right portion of the form. This allows quicker processing of your return. If you expect to owe Missouri income tax, file Form MO-60 with your pay­ment by the original due date of return. Remember: An extension of time to file does not extend the time to pay. A 5 percent addition to tax will apply if the tax is not paid by the original return’s due date. MISSOURI RETURN INQUIRY To check the status of your 2018, 2019 and 2020 return(s) 24 hours a day, visit http://dor.mo.gov/returnstatus or call our automated individual income tax in­quiry line at (573) 526-8299. To obtain the status of your return, you must know the following information: 1) the first social security number on the return; 2) the filing status shown on your return; and 3) the exact amount of the refund or balance due in whole dollars. Once this information is validated using the Missouri Return Inquiry System on our website, you will be given the option to sign up for text or email notifications. This will allow you to be notified by text or email each time the status of your tax return changes as it is being processed by the Department of Revenue. LATE FILING AND PAYMENT Simple interest is charged on all delinquent taxes. The rate will be updated annually and can be found on our website at http://dor.mo.gov/intrates.php. For timely filed returns, an addition to tax of 5 per­cent (of the unpaid tax) is added if the tax is not paid by the return’s due date. For returns not filed by the due date, an addition to tax of 5 percent per month (of the unpaid tax) is added for each month the return is not filed. The addition to tax cannot exceed 25 per­cent. ADDRESS CHANGE Note: If you file an extension, a 5 percent addition to tax charge will still apply if the tax is not paid by the original return’s due date. If you move after filing your return, notify both the Post Office serving your old address and the Department of Revenue of your address change. Address change requests should be mailed to: Department of Revenue, P.O. Box 2200, Jefferson City, MO 65105-2200. This will help for­ward any refund check or correspondence to your new address. You may complete our online address change form at the following web address http://dor.mo.gov/howdoi/addchange.php. If you are unable to pay the tax owed in full on the due date, please visit http://dor.mo.gov for your payment options. WHERE TO MAIL YOUR RETURN If you are due a refund or have no amount due, mail your return and all required attachments to: Department of Revenue P.O. Box 2800 Jefferson City, MO 65105-2800 CONSUMER’S USE TAX Use tax is imposed on the storage, use, or consumption of tangible personal property in this state. The state use tax rate is 4.225 percent. Cities and counties may impose an additional local use tax. Use tax does not apply if the purchase is subject to Missouri sales tax or otherwise exempt. A purchaser is required to file a use tax return if the cumulative purchases on which tax was not paid to the seller exceed $2,000 in a calendar year. You can use the Consumer’s Use Tax Return (Form 4340). The due date for Form 4340 is April 15, 2021. If you have a balance due, mail your return, payment, and all required attach­ments to: Department of Revenue P.O. Box 3395 Jefferson City, MO 65105-3395 All 2-D barcode returns, see page 2. DOLLARS AND CENTS Rounding is required on your tax return. Zeros have been placed in the cents column on your return. For 1 cent 5 FILING FOR DECEASED INDIVIDUALS 100 PERCENT DISABLED PERSON Any existing Power of Attorney (Form 2827) with the Department of Revenue is terminated when the death of the taxpayer is made known to the Department. A new Form 2827 and verification of personal representative is required after death of the taxpayer before any party may discuss the taxpayer’s debt with the Department staff. If no personal representative was appointed, submit verification of the executor of the estate or distributee. You may select the 100 percent disabled box if you are unable to engage in any substantial gainful activity by reason of any medically de­terminable physical or mental impairment that can be expected to result in death or has lasted, or can be expected to last, for a continuous period of not less than 12 months. If an individual passed away in 2020, a claim may be filed by the surviving spouse if the filing status is “married filing combined” and all other qualifications are met. If there is no surviving spouse, the estate may file the claim. You may select the non-obligated spouse box if your spouse owes the state of Missouri any child support payments, back taxes, student loans, etc., and you do not want your portion of the refund used to pay the amounts owed by your spouse. Debts owed to the Internal Revenue Service (IRS) are excluded from the non-obligated spouse apportionment. NON-OBLIGATED SPOUSE A copy of the death certificate must be attached. If the check is to be issued in another name, a Statement of Person Claiming Refund Due a Deceased Taxpayer (Federal Form 1310) must also accompany the claim. To obtain Federal Form 1310, visit www.irs.gov/formspubs. NAME, ADDRESS, ETC. Print or type your name(s), address, and social security num­ber(s) in the spaces pro­vided on the return. If the taxpayer or spouse died in 2020, select the appropriate box. INFORMATION TO COMPLETE FORM MO-1040P LINE 1 - FEDERAL ADJUSTED GROSS INCOME If your filing status is “married filing com­bined,” and both spouses are reporting income, use the Worksheet on page 8 to split your income be­tween you and your spouse. The com­bined income for you and your spouse must equal the total federal adjusted gross income reported on your federal return. Property Tax Credit Claim/Pension Exemption (Form MO1040P) is a short form for taxpayers who are required to file a Missouri Individual Income Tax Return and claiming a pension exemption or Property Tax Credit Claim. Splitting the income reduces the rate at which your combined incomes are taxed and allows you to claim nonobligated spouse so you will not be held responsible for your spouse’s debts to Missouri. FEDERAL EXTENSION Select the box at the top of Form MO-1040P, indicating you have an approved federal extension and attach a copy of your federal extension (Federal Form 4868) with your Missouri Income tax return when you file. Failure to check this box may result in disallowing the extension. For all other filing statuses, use the chart below. FILING STATUS Select the same filing status on your Missouri return as claimed on the federal return. If on your federal return you selected the checkbox “Someone can claim you as a dependent,” you will select “claimed as a dependent” on the Form MO-1040P. If on your federal return you selected the checkbox “Someone can claim you as a dependent,” and your federal return status is Married Filing Jointly, you will select the filing status of “Married Filing Combined” on the Form MO-1040P. Federal Form Line Federal Form 1040 or 1040-SR 11 Federal Form 1040X 1 LINE 2 - STATE INCOME TAX REFUND Subtract any state income tax refund included in your federal adjusted gross income (U.S. Individual Income Tax Return - Federal Form 1040 or 1040-SR and applicable schedules). Attach a copy of your federal return (pages 1 and 2). LINE 5 - INCOME PERCENTAGES Complete the chart below if both spouses have income: AGE 62 THROUGH 64 Yourself Line 3Y______________ divided by Line 4 ______________ = _______________ If you or your spouse were ages 62, 63, or 64 by December 31, 2020, select the appropriate box. Spouse Line 3S_______________ divided by Line 4 ______________ = _______________ AGE 65 OR OLDER OR BLIND If you or your spouse were 65 or older or blind and qualified for these deductions on your 2020 federal return, select the appropriate boxes. The total entered on Line 5 must equal 100 percent round to the nearest whole number. 6 Note: If one spouse has negative income and the other spouse has positive income (Example: your income is $15,000 and your spouse’s income is $30,000), enter 0 percent on Line 5Y and 100 percent on Line 5S. Itemized Deductions: If you itemized on your federal return, you may want to itemize on your Missouri return or take the standard deduction, which­ever results in a higher deduction. If you were required to itemize on your federal return, you must itemize on your Missouri return. To figure your itemized deductions, complete page 23. Attach a copy of your federal return (pages 1 and 2) and Federal Schedule A. LINE 6A - TAX FROM FEDERAL RETURN Use the chart below to locate your tax on your federal return. Do not enter your federal income tax withheld as shown on your Form(s) W-2 or federal return. LINE 8 - PENSION AND SOCIAL SECURITY/SOCIAL SECURITY DISABILITY/MILITARY EXEMPTION If you have an earned income credit, you must subtract the credit from the tax on your federal return. If a negative amount is calculated, enter “0”. If you used a method other than the federal tax table to determine your federal tax, attach the appropriate schedule. Federal Form If you or your spouse received a pension (public, private, or military) social security, or social security disability, complete pages 21 and 22 to see how much of your pension may be tax free. Attach a copy of your federal return (pages 1 and 2) and Form(s) 1099 and 1099-R. Line Federal Form 1040 or 1040-SR • Federal Form 1040 or 1040-SR Line 22, Less; • Federal Form 1040 or 1040-SR Line 27 and 29; • Schedule 2, Part 1, Line 3; • Schedule 3, Part 2, Lines 8 and 12c. Federal Form 1040X Line 8 less Lines 14 and 15, except amounts from Forms 2439 and 4136. LINE 9 - LONG-TERM CARE INSURANCE DEDUCTION If you paid premiums for qualified long-term care insurance in 2020, you may be eligible for a deduction on your Missouri income tax return. Qualified long-term care insurance is defined as insurance coverage for a period of at least 12 months for long-term care expenses should such care become necessary because of a chronic health condition or physical dis­ability, including cognitive impairment or the loss of functional capacity, thus rendering an individual unable to care for themselves without the help of another person. Complete the work­sheet below only if you paid premiums for a qualified long-term care in­sur­ance policy and the policy is for at least 12 months coverage. LINE 6B - FEDERAL TAX PERCENTAGE This percentage is based on the Missouri Adjusted Gross Income reported on Line 4. See below examples: Example 1: If Line 4 is $22,450, enter 35% on Line 6b. Example 2: If Line 4 is $58,750, enter 15% on line 6b. Missouri Adjusted Gross Income Range (Line 4): Worksheet for Long-Term Care Insurance Deduction Federal Tax Percentage: A. Enter the amount paid for qualified long-term care insurance policy. . . . . . . . . . A) $_________________ $25,000 or less............................................... 35% $25,001 to $50,000...................................... 25% $50,001 to $100,000.................................... 15% $100,001 to $125,000................................... 5% $125,001 or more............................................ 0% If you itemized on your federal return and your federal itemized deductions included medical expenses, go to Line B. If not, skip to H. B. Enter the amount from Federal Schedule A, Line 4 . . . . . . . . . . . . . . . . . . . . B) $_________________ LINE 6C - FEDERAL INCOME TAX DEDUCTION C. Enter the amount from Federal Schedule A, Line 1. . . . . . . . . . . . . . . . . . . . C) $_________________ Multiply Line 6a by percentage on Line 6b. If you selected any filing status other than married filing combined on Form MO-1040P, your federal tax deduction may not exceed $5,000. If you selected married filing combined, your federal tax cannot exceed $10,000. D. Enter the amount of qualified long-term care included on Line C . . . . . . . . D) $_________________ E. Subtract Line D from Line C . . . . . . . . . . . . . E) $_________________ F. Subtract Line E from Line B. If amount is less than zero, enter “0”. . . . . . F) $_________________  G. Subtract Line F from Line A . . . . . . . . . . . . . G) $_________________ LINE 7 - STANDARD OR ITEMIZED DEDUCTION H. Enter Line G (or Line A if you did not have to complete Lines B through G) on Form MO-1040P, Line 9. Standard Deductions: If you claimed the standard deduction on your federal return, enter the standard deduction amount for your filing status. The amounts are listed on Form MO-1040P, Line 7. Attach a copy of your Federal Form 1040 or Federal Form 1040-SR (pages 1 and 2) and Federal Schedule A (if you itemized your deductions). Use the chart below to determine your standard deduction if you or your spouse selected any of the boxes for: 65 or older, blind, or claimed as a dependent. Federal Form LINE 13 - MISSOURI TAX Calculate your tax by using your taxable income from Form MO-1040P, Line 12Y and 12S, the Tax Rate Chart (page 24, Section A), and the Tax Calculation Worksheet (page 24, Section B). A separate tax must be computed for you and your spouse. Line Federal Form 1040 or 1040-SR 12 Federal Form 1040X 2 7 LINE 21 - TRUST FUNDS LINE 15 - MISSOURI WITHHOLDING Include only Missouri withholding as shown on your Form(s) W-2, Miscellaneous Income (Federal Form 1099), and Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans (Federal Form 1099-R). Do not include withholding for federal taxes, local taxes, city earnings taxes, or another state’s withholding. Attach a copy of all Form(s) W-2 and 1099. See Form W-2, Diagram 1, on page 24. You may donate part or all of your overpaid amount or contribute additional payments to any of the trust funds listed on Form MO-1040P and any two additional funds. Additional Funds: If you choose to give to any of the additional funds, enter the two-digit code in the spaces provided on Line 21. If you want to give to more than two additional funds, please sub­mit a contribution directly to the fund. For additional information visit https://dor.mo.gov/personal/trustfunds.php. LINE 16 - ESTIMATED TAX PAYMENTS Funds Codes Include any estimated tax payments made during 2020 and any overpayment applied from your 2019 Missouri return. American Cancer Society Heartland Division, Inc. Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 01 American Diabetes Association Gateway Area Fund . . . . . 02 American Heart Association Fund . . . . . . . . . . . . . . . . . . . . . 03 Amyotrophic Lateral Sclerosis (ALS - Lou Gehrig’s Disease) Fund . . . . . . . . . . . . . . . . . . . . . . 05 Arthritis Foundation Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . 09 Foster Care and Adoptive Parents Recruitment and Retention Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 March of Dimes Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 08 Missouri National Guard Foundation Fund . . . . . . . . . . . . . . 19 Muscular Dystrophy Association Fund . . . . . . . . . . . . . . . . . 07 National Multiple Sclerosis Society Fund . . . . . . . . . . . . . . . 10 Pediatric Cancer Research Trust Fund . . . . . . . . . . . . . . . . . 18 LINE 17 - PROPERTY TAX CREDIT Complete the Property Tax Credit Schedule (Form MO-PTS) to determine the amount of your property tax credit. See Information to Complete Form MO-PTS on pages 12 through 14. LINE 20 - APPLY OVERPAYMENT TO NEXT YEAR’S TAXES You may apply any portion of your refund to next year’s taxes. Worksheet for Line 1 - Instructions for Completing the Adjusted Gross Income Worksheet Missouri law requires a combined return for married couples filing together. A combined return means taxpayers are required to split their total federal adjusted gross income (including other state income) between spouses when beginning the Missouri return. Splitting the income can be as easy as adding up your separate Form(s) W-2 and Miscellaneous Income (Federal Form) 1099. Or it may require allocating to each spouse the percentage of ownership in jointly held property, such as businesses, farm operations, dividends, interest, rent, and capital gains or losses. State refunds should be split based on each spouse’s 2019 Missouri tax withheld, less each spouse’s 2019 tax liability. The result should be each spouse’s portion of the 2019 refund. Taxable social security benefits must be allocated by each spouse’s share of the benefits received for the year. The worksheet below lists income that is included on your federal return, along with federal line references. Find the lines that apply to your federal return, split the income between you and your spouse, and enter the amounts on the worksheet. When you have completed the worksheet, transfer the amounts from Line 18 to Form MO-1040P, Lines 1Y and 1S. Note: Remember, the incomes listed separately on Line 18 of this worksheet must equal your total federal adjusted gross income when added together. Federal Form 1040 or Federal Form 1040-SR Adjusted Gross Income Worksheet for Combined Return 1. Wages, salaries, tips, etc. 2. Taxable interest income 3. Dividend income 4. State and local income tax refunds (from Schedule 1, Part 1) 5. Alimony received (from Schedule 1, Part 1) 6. Business income or loss (from Schedule 1, Part 1) 7. Capital gain or loss 8. Other gains or losses (from Schedule 1, Part 1) 9. Taxable IRA distributions 10. Taxable pensions and annuities 11. Rents, royalties, partnerships, S corporations, trusts, etc. (from Schedule 1, Part 1) 12. Farm income or loss (from Schedule 1, Part 1) 13. Unemployment compensation (from Schedule 1, Part 1) 14. Taxable social security benefits 15. Other income (from Schedule 1, Part 1) 16. Total (add Lines 1 through 15) 17. Less: federal adjustments to income 18. Federal adjusted gross income (Line 16 less Line 17) Enter amounts here and on Lines 1Y and 1S, Form MO-1040P 8 1 2b 3b 1 2a 3 7 4 4b 5b 5 6 7 6b 8 10c 11 Y - Yourself S - Spouse 00 00 00 00 00 00 00 00 00 00 1 2 3 4 5 6 7 8 9 10 00 00 00 00 00 00 00 00 00 00 00 11 00 12 13 14 15 16 17 00 00 00 00 00 00 00 18 00 00 00 00 00 00 00 Check or money order: Attach a check or money order (U.S. funds only), payable to Missouri Department of Rev­enue. By submitting payment by check, you authorize the Department to process the check electronically upon receipt. Do not postdate. The De­partment may electronically resubmit checks returned for in­suf­fi­cient or uncollected funds. The minimum contribution is $2, or $4 if married filing combined for the following funds: Children’s Trust Fund, Veterans Trust Fund, Elderly Home Delivered Meals Trust Fund, Missouri National Guard Trust Fund, and Organ Donor Program Fund. The minimum contribution is $1, or $2 if married filing combined for the fol­lowing funds: Workers’ Mem­orial Fund, Childhood Lead Testing Fund, Missouri Military Family Relief Fund, General Revenue Fund, Missouri National Guard Foundation Fund, Foster Care and Adoptive Parents Recruitment and Retention Fund, Kansas City Regional Law Enforcement Memorial Foundation Fund, Soldiers Memorial Military Museum in St. Louis Fund, and Pediatric Cancer Research Trust Fund. If you mail your payment after your return is filed, attach your payment to the Income Tax Payment Voucher (Form MO1040V) found on page 16. Electronic Bank Draft (E-Check): By entering your bank routing number and checking account number, you can pay on­line at http://dor.mo.gov or by calling (888) 9290513. There will be a convenience fee to use this service. The minimum contribution is $1, not to exceed $200, for the following ir­revo­cable funds: American Cancer Society Heartland Division, Inc. Fund; American Diabetes Association Gateway Area Fund; Amer­ican Heart Association Fund; ALS Lou Gehrig’s Disease Fund; Arthritis Foundation Fund; March of Dimes Fund; Mus­cular Dystrophy Association Fund; and National Multiple Sclerosis Society Fund. Credit Card: The Department accepts MasterCard, Discover, Visa, and American Express. To pay online, visit our website at http://dor.mo.gov or by calling (888) 9290513. The convenience fees listed below will be charged to your account for processing credit card payments: mount of Tax Paid A $0.00 - $50.00 LINE 22 - MISSOURI 529 EDUCATION PLAN DEPOSIT You can deposit all or a portion of your refund into a Missouri 529 Education Plan (MOST) account. To make this choice, there must be an open account and the total deposit must be a minimum of $25. Please complete and attach a Missouri 529 Education Plan Direct Deposit (Form 5632). Convenience Fee $1.25 $50.01 - $75.00 $1.75 $75.01 - $100.0 $2.15 $100.01 and up 2.15% Note: The convenience fees for credit card transactions are paid to the third party vendor, not to the Missouri Department of Revenue. By accessing this payment system, the user will be leaving Mis­souri’s website and connecting to the website of the third party vendor which is a secure and confidential website. LINE 23 - REFUND Subtract Lines 20, 21, and 22 from Line 19 and enter on Line 23. SIGN RETURN Note: If you have any other liability due to the state of Missouri, such as child support pay­ments, or a debt with the Internal Revenue Service, your income tax refund may be applied to that lia­bility in accordance with Section 143.781, RSMo. Your property tax credit may be applied to any property tax credit or individual income tax liability pursuant to Section 143.782, RSMo. You will be notified if your re­fund is offset against any debt(s). You must sign Form MO-1040P. Both spouses must sign a combined return. If you use a paid pre­parer, the preparer must also sign the return. If you wish to authorize the Director of Revenue or delegate to release information regarding your tax account to your preparer or any member of the preparer’s firm, indicate by select­ing the “yes” box below the signature line. LINE 24 - AMOUNT DUE For all tax years beginning on or after January 1, 2020, each and every income tax return or claim for a refund prepared by a paid tax return preparer shall be signed by the paid tax preparer and shall state the tax preparer’s Internal Revenue Service preparer tax identification number. Each failure by the paid tax return preparer to sign any income tax return or claim for refund, or failure of the tax return preparer to provide a preparer tax identification number, shall result in a penalty of $50 owed by the paid tax preparer for each separate failure. The total amount of penalties that may be assessed on any preparer with respect to returns or claims for refunds filed during a calendar year shall not exceed $25,000. If the amount due is greater than $500, you may owe an underpayment of estimated tax penalty. Complete the Underpayment of Estimated Tax for Individuals (Form MO2210). This form can be found on our website at dor.mo.gov/forms/. If you owe a penalty you cannot file a Property Tax Credit/ Pension Exemption (Form MO-1040P). You must file an Individual Income Tax Return (Form MO-1040) and attach Form MO-2210. Payments must be postmarked by April 15, 2021, to avoid interest and late pay­ment charges. The Department of Rev­e­nue offers several payment options. 9 ATTACHMENTS LINE 6 - TAXABLE PUBLIC PENSION Include the taxable 2020 public and military pension(s) for each spouse. This information can be found on Federal Form 1040 or Federal Form 1040-SR, Line 5b. 1. All Form(s) W-2 and 1099 2. Copy of federal return, pages 1 and 2, and Federal Schedule A: Do not include any payments from private pensions, social security benefits, or railroad retirement payments on this line. (Exception: If you are 100 percent disabled, you may consider railroad retirement as taxable public pension.) • if you itemized your deductions on Line 7, Missouri Itemized Deductions; or • if you have an entry on Line 9, Long-term Care Insurance De­duc­tion. 3. A copy of paid property tax re­ceipt, Verification of Rent Paid (Form 5674), and Certification of Rent Paid (Form MO-CRP) if you claimed the Property Tax Credit on Line 17 LINE 8 - SOCIAL SECURITY OR SOCIAL SECURITY DISABILITY EXEMPTION 4. Documentation (a copy of Social Security Benefit Statement - Form SSA-1099, letter from Social Se­curity Ad­min­is­tra­tion, letter from De­part­ment of Veterans Affairs) of the applicable qualification under which you are filing Form MO-PTS Include the amount from Individual Income Tax Adjustments Page 22, Section C (social security or social security disability calculation), unless you are a single individual with income greater than $85,000 or a married couple with income greater than $100,000. For single individuals with income greater than $85,000, enter the amount from Line 8 of Section C. For married couples with income greater than $100,000, multiply Line 8 by the percentages on Line 3Y and 3S of the worksheet for Lines 4 and 5 (in the next column), and enter those amounts here. If the social security or social security disability exemption, Section C, Line 8 is $0, enter $0 on line 8 of the public pension calculation. 5. Federal Form 1310 and a copy of death certificate if filing for a de­ceased individual MAIL FORM MO-1040P, ATTACHMENTS, AND PAYMENT (IF NECESSARY) Refund or no amount due: Department of Revenue, P.O. Box 2800, Jefferson City, MO 65105-2800 Balance due: Department of Revenue, P.O. Box 3395, Jefferson City, MO 65105-3395 PRIVATE PENSION CALCULATION LINE 2 - TAXABLE SOCIAL SECURITY BENEFITS All 2-D barcode returns, see page 2. Include the taxable 2020 social security benefits. This information can be found on Federal Form 1040 or 1040SR, Line 6b. PENSION AND SOCIAL SECURITY/SOCIAL SECURITY DISABILITY/MILITARY EXEMPTION LINE 6 - TAXABLE PENSION If you are claiming a pension, social security, social security disability, or military exemption, you must attach a copy of your federal return (pages 1 and 2), Form(s) 1099-R, and SSA-1099. Failure to provide this information will result in your exemption being disallowed. Include the taxable 2020 pension received from private sources for each spouse. This information can be found on Federal Form 1040 or Federal Form 1040-SR, Line 4b and 5b. PUBLIC PENSION CALCULATION Do not include any payments from public pensions, social security benefits, or railroad retirement payments on this line. PUBLIC PENSION CALCULATION SOCIAL SECURITY OR SOCIAL SECURITY DISABILITY CALCULATION Public pensions are pensions received from any federal, state, or local government. If you have questions about whether your pension is a public or a private pension, contact your pension administrator. LINE 4 - TAXABLE SOCIAL SECURITY BENEFITS To claim the social security exemption, you must be age 62 or older. An individual that receives social security retirement benefits, partial benefits at age 62, full benefits at age 65 or older, or a disabled individual receiving Social Security Disability Income (SSDI), who reaches full retirement age during the taxable year and receives retirement benefits should include on Line 4 the amount of federal taxable benefits, which can be found on Federal Form 1040 or 1040SR, Line 6b. LINE 1 - MISSOURI ADJUSTED GROSS INCOME Include your Missouri adjusted gross income from Form MO-1040P, Line 4. LINE 2 - TAXABLE SOCIAL SECURITY BENEFITS Include the taxable 2020 social security benefits for each spouse. This information can be found on Federal Form 1040 or Federal Form 1040-SR, Line 6b. 10 MILITARY PENSION CALCULATION Taxable social security benefits must be allocated by each spouse’s share of the benefits received for the year. To determine each spouse’s portion of the taxable social security on Line 4, complete the Worksheet for Lines 4 and 5 on page 11. A military pension is a pension received for your service in a branch of the armed services of the United States, including the Missouri Army Reserve and Missouri National Guard. You must reduce your military pension exemption by any portion of your military pension that is included in the calculation of your public pension exemption. Make sure you complete the Public Pension Calculation (Section A) before you calculate your military pension exemption. LINE 5 - TAXABLE SOCIAL SECURITY DISABILITY A disabled individual receiving Social Security Disability Income (SSDI) for the entire taxable year should enter on Line 5 the amount of federal taxable benefits, which can be found on Federal Form 1040 or 1040-SR, Line 6b. LINE 1 - TAXABLE MILITARY RETIREMENT Include your total military retirement benefits reported on Federal Form 1040 or Federal Form 1040-SR, Line 5b. If you are filing a combined return and both spouses had military retirement, combine those amounts on Line 1. Taxable social security disability benefits must be allocated by each spouse’s share of the benefits received for the year. To determine each spouse’s portion of the taxable social security disability on Line 5, complete worksheet below. LINE 2 - TAXABLE PUBLIC PENSION Worksheet for Lines 4 and 5 Include your total retirement benefits from public sources (including military) reported on Federal Form 1040 or Federal Form 1040-SR, Line 5b. If you are filing a combined return and both spouses had retirement benefits from public sources, combine those amounts on Line 2. 1. Total social security - Enter amount from: 1) ___________ • Federal Form 1040 or 1040-SR, Line 6a Yourself Spouse 2. Enter each spouse’s portion of the total social security . . . . . . . . . . 2Y________ 2S________ 3. Divide Line 2Y and 2S by Line 1 . . . 3Y_______ % 3S_______ % 4. Taxable social security Enter amount from: 4)____________ • Federal Form 1040 or 1040-SR, Line 6b 5. Multiply Line 4 by percentages on 3Y and 3S and enter amounts here and on Lines 4 or 5 of Section C______ 5Y _________5S LINE 4 - MILITARY BENEFITS INCLUDED IN PUBLIC PENSION EXEMPTION Multiply the percentage calculated on Line 3 of Section D by the total public pension amount reported on Line 11 of Section A. If you did not claim a public pension, enter $0. ITEMIZED DEDUCTIONS Note: A taxpayer filing single, head of household, qualifying widow(er), or married filing separate may not enter amounts on both Line 4, Taxable Social Security Benefits, and Line 5, Taxable Social Security Disability Benefits. Report only Social Security Benefits on Line 4 and Social Security Disability Benefits on Line 5. However, if you are married filing a combined return, one spouse may enter an amount on Line 4 and the other spouse may enter an amount on Line 5. You cannot itemize your Missouri de­duc­tions if you took the standard deduction on your federal return. See page 7, Line 7. You must itemize your Missouri de­duc­tions if you were required to itemize on your federal return. LINE 1 - FEDERAL ITEMIZED DEDUCTIONS Include your total federal itemized deductions from Federal Form 1040 or Federal Form 1040-SR, Line 12, and any approved cul­tural contributions (literary, musical, scholas­tic, or artistic) to a tax exempt agency or institution that is operated on a not-for-profit basis. Cash contributions do not qualify. 2020 Box 3. Benefits Paid in 2020 Box 4. Benefits Repaid to SSA in 2020 Box 5. Net Benefits Repaid for 2020 (Box 3 minus box 4) LINES 2 AND 3 - SOCIAL SECURITY TAX Benefits for 2020 Include the amount of the social security tax withheld from your Form(s) W-2. This amount cannot exceed $8,537. Enter the total on Line 2. Repeat for your spouse and enter the total on Line 3. $8,400.00 LINES 4 AND 5 - RAILROAD RETIREMENT TAX Include the amount of railroad retirement tax withheld from your wages, Tier I and Tier II, during 2020. This amount cannot exceed $13,550 (Tier I maximum of $8,537 and Tier II maximum of $5,013). Enter the total on Line 4. Repeat for your spouse and enter the total on Line 5. *Includes: $12.00 Paid in 2020 for 2019 (12-2020) If you have both social security and Tier I railroad retirement tax, the maximum deduction allowed is the amount withheld as shown on the Form(s) W-2 less either 11 FORM MO-PTS the amount entered on Federal Form 1040 or Federal Form 1040-SR, Schedule 3, Part 2, Line 10, or, if only one employer, the amount refunded by the employer. Information to Complete Form MO-PTS LINE 6 - MEDICARE TAX Include the total amount of Medicare tax for yourself and spouse (combined). If you are not subject to “additional Medicare tax” on your federal return, enter the amount from your Form(s) W-2. If you are subject to “additional Medicare tax” on your federal return, enter the amounts as calculated below. You must attach a copy of Additional Medicare Tax (Federal Form 8959). If you qualify for the Property Tax Credit you must attach Form MO-PTS to your Form MO-1040P and mail to: Missouri Department of Revenue, P.O. Box 2800, Jefferson City, MO 65105-2800. Important: You must complete Form MO-1040P, Line 1 through Line 4, before you complete Form MO-PTS. Note: If your filing status on Form MO-1040P is married filing combined, but you and your spouse lived at different addresses the entire year, you may file a separate Property Tax Credit Claim (Form MO-PTC). Do not include spouse name or social security number if you selected married filing separate. (Example: One spouse lives in a nursing home or residential care facility while the other spouse remains in the home the entire year.) If filing a separate Form MO-PTC, you cannot take the $2,000 or $4,000 deduction on Line 9 and you cannot calculate your Property Tax Credit on Form MO-PTS. • Wage income: Form(s) W-2, Box 6, plus Line 7 of Federal Form 8959, less Line 22 of Federal Form 8959; • Railroad retirement compensation: Railroad retirement Medicare tax withheld on Form(s) W-2, Box 14, plus Line 17 of Federal Form 8959, less Line 23 of Federal Form 8959. LINE 7 - SELF-EMPLOYMENT TAX Include the amount from Federal Form 1040, Federal Form 1040-SR, or Federal Form 1040-NR: • Federal Schedule 2, Part 2, Line 4 • Less Federal Schedule 1, Part 2, Line 14 • Plus Federal Form 8959, Line 13 Qualifications Select the applicable box to indicate under which qualification you are filing the Form MO-PTS. See “Am I Eligible” chart on page 4. You must select a qualification box to be eligible for the credit. Select only one box. Attach the appropriate documentation to verify your qualification. (The required documentation is listed behind each qualification on Form MO-PTS.) LINE 9 - STATE AND LOCAL INCOME TAXES Include the amount of income taxes from Federal Form 1040 or Federal Form 1040-SR, Schedule A, Line 5. The overall limit on state and local income taxes plus property taxes is $5,000 for married filing separately and $10,000 for all other taxpayers (single, married filing combined, head of household). If the sum of these deductions exceed this limit, use the worksheet on page 23, Part 2 worksheet to determine the state income tax portion of the state tax deduction. Helpful Hints If you are married and lived together any part of the year, you must file married filing combined and include all household income. Please use the social security number of the person filing the claim. LINE 10 - EARNINGS TAXES LINE 2 - SOCIAL SECURITY BENEFITS If you entered an amount on Line 9 and you live or work in the Kansas City or St. Louis area, you may have included earnings taxes. Include on Line 10 the amount of earnings taxes withheld shown on Form(s) W-2. See page 24, Diagram 1, Box 19. Enter the amount of nontaxable social security benefits you, your spouse, and your minor children received before any deductions and the amount of social security equivalent railroad retirement benefits. See the following to deter­mine nontaxable benefits: LINE 12 - TOTAL MISSOURI ITEMIZED DEDUCTIONS If your total Missouri itemized deductions are less than your standard deduction (see page 7, Line 7) you should take the standard deduction on page 2 of Form MO1040P, Line 7, unless you were required to itemize your federal deductions. If you are required to itemize on the federal return, you must use the itemized amount from the itemized worksheet. Attach a copy of Federal Form 1040 or Federal Form 1040-SR (pages 1 and 2) and Federal Schedule A. • Federal Form 1040 or Federal Form 1040-SR, Line 6a less Line 6b • Form SSA-1099 or Payments by the Railroad Retirement Board (Federal Form RRB-1099), total amount before deductions (if you did not include an amount on Federal Form 1040 or Federal Form 1040SR). Lump sum distributions from the Social Security Administration or other agencies must be claimed in the year in which they are received. Attach Form SSA-1099 or RRB-1099 (TIER I). 12 LINE 6 - PUBLIC ASSISTANCE Helpful Hints • Wait to file your return until you receive your Form SSA-1099 in January 2021. This form will list your benefits for the entire 2020 year. See the sample Form SSA-1099 on page 11. Include the amount of public assistance, Supplemental Security Income (SSI), child support, and Tem­porary As­sis­tance (TA) payments recieved by you, your spouse, and your minor children. Temporary Assistance payments include Temporary Assistance for Needy Families (TANF) payments. In Missouri, the program is referred to as Temporary Assistance (TA). This includes any payments received from the government. Do not include the value of commodity foods, food stamps, or heating and cooling assistance. Attach a letter from the Social Security Administration that includes the total amount of assistance received and Form 1099 from Employment Security, if applicable. • If you are receiving railroad retirement benefits, you should receive two forms. Form RRB-1099R shows annuities and pensions. Form RRB-1099 shows your social security equivalent railroad retirement benefits. Include the amount from Form RRB-1099 that states social security equivalent (usually Tier I) on Line 2. LINE 3 - EXEMPT INTEREST AND PENSION Enter the amount of pensions, an­nuities, dividends, rental income, exempt unemployment compensation, or exempt interest in­come not included on Form MO-PTS, Line 1. (Do not include amount of excludable costs of pensions or annuities.) See the following to determine the amount of your nontaxable pension or exempt interest: Helpful Hints • Supplemental Security Income (SSI) is paid by the Social Security Administration. You have to request an SSI form indicating total benefits received either through a my Social Security account at www.ssa.gov/myaccount, by calling 1-800-772-1213, or contacting your local Social Security office. If you have minor children who receive SSI benefits, the children do not qualify for a credit. However, if you qualify for a credit, you must include the children’s SSI benefits on Line 6. • Form(s) 1099-R - Total amount before deductions not included on Form MO-1040P, Line 4 (Missouri ad­justed gross income). • Form(s) 1099-INT - Total amount not included on Form MO-1040P, Line 4 (Missouri ad­justed gross income). If grants or long-term care benefits are made payable to a nursing facility, do not include as income or rent. • If you recieve temporary assistance from the Children’s Division (CD) or Family Support Division (FSD), you must include all cash benefits received for your entire household. The Department of Revenue verifies this information and failure to include total benefits may delay your refund. LINE 4 - RAILROAD RETIREMENT BENEFITS Form MO-1040P does not have provisions for subtracting railroad retirement benefits from federal adjusted gross income. To allow this modification, you must file Form MO-1040. See page 4 for information on how to obtain forms. LINE 7 - NONBUSINESS LOSS(ES) Complete Line 7 only if nonbusiness loss(es) reduced the amount reported on Form MO-PTS, Line 1. If Line 1 was re­duced by nonbusiness loss(es), add back the amount of the loss on Line 7. A nonbusiness loss is a loss of income that did not result from a trade or business. (Loss(es) from Federal Form 1040 or Federal Form 1040-SR, Schedule F and Schedule C are considered bus­i­ness loss(es) and should not be included here.) LINE 5 - VETERAN BENEFITS If a veteran is 100 percent disabled not due to military service, payments and benefits must be included on line 5. Veteran payments and benefits include education and training allowances, disability compensation, grants, and insurance proceeds. LINE 9 - FILING DEDUCTION If a veteran is 100 percent disabled as a result of military service, do not include veteran payments and benefits as household income on Form MO-PTS. If you are Single or Married Living Separate, enter $0 on Line 9. If a veteran is less than 100 percent disabled, but is unable to engage in substantial gainful activity due to medical impairments(s) resulting entirely from military service, and such medical impairment(s) can be expected to result in death or has lasted or can be expected to last continuously for at least twelve months, do not include veteran payments and benefits as household income on Form MO-PTS. If you are Married and Filing Combined, see below to determine the amount to enter on Line 9. • If you RENTED or DID NOT OWN your home for the entire year, enter $2,000 on Line 9. • If you OWNED and OCCUPIED your home for the entire year, enter $4,000 on Line 9. A letter from the Veterans Administration detailing the amount of benefits or confirming the disability is 100 percent from military service must be attached. LINE 10 - NET HOUSEHOLD INCOME Subtract Line 9 from Line 8 and enter amount on Line 10. If you RENTED or DID NOT OWN and occupy your home for the entire year, the amount you enter on Line 10 cannot exceed $27,200. If the amount of your net household income on Line 10 is above $27,200, you are not eligible for the credit. There is no need to complete and submit the Form MO-PTS. Note: To request a copy of the letter, call the Veterans Administration at (800) 827-1000. If you are a surviving spouse receiving social security and your spouse was 100 percent disabled as a result of military service, all veteran payments and benefits must be included. 13 If you OWNED and OCCUPIED your home for the entire year, the amount you enter on Line 10 cannot exceed $30,000. If the amount of your net household income on Line 10 is above $30,000, you are not eligible for the credit. There is no need to complete and submit Form MO-PTS. Example: Ruth has 10 acres surrounding her house. She needs to use a Form 948, because she is only entitled to receive credit for 5 acres. By her calculations, she enters $500 on Form 948, Line 6. Ruth also used 15 percent of her house for her business. She will multiply $500 by 85 percent and enter this figure ($425) on Form MO-PTS, Line 11. Note: Your home or dwelling is the place in which you reside in Missouri, whether owned or rented, and the surrounding land, not to exceed five acres, as is reasonably necessary for use of the dwelling as a home. A home may be part of a larger unit such as a farm or building partly rented or used for business. LINE 12 - RENT YOUR HOME Complete one Certification of Rent Paid (Form MO-CRP) for each rented home (including mobile home or lot) you occupied during 2020. The Form MO-CRP is on page 27 and Verification of Rent Paid (Form 5674) on page 28. If you rent from a facility that does not pay property taxes, you are not eligible for a Property Tax Credit. LINE 11 - OWN YOUR HOME If you owned and occupied your home, include the amount of real estate tax you paid for 2020 only, or $1,100, whichever is less. Do not include special assessments (sewer lateral), penalties, service charges, and interest listed on your tax receipt. You can only claim the taxes on your pri­mary residence that you occupy. Secondary homes are not eligible for the credit. Helpful Hints If you receive low income housing assistance, the rent you claim may not exceed 40 percent of your income. Please claim only the amount of rent you paid or your refund will be delayed or denied. Add the totals from Line 9 on all Form(s) MO-CRP completed, and enter the amount on Line 12, or $750, whichever is less. Attach a completed Verification of Rent Paid (Form 5674), along with Form(s) MO-CRP. You cannot claim any fees or deposits such as, return checks, late payment(s), security, and cleaning, pet(s), etc. If your gross rent paid exceeds your household in­come, you must attach a detailed statement explaining how the additional rent was paid or the claim will be denied. Attach a copy of paid real estate tax receipt(s) from the county and/or city collector’s office. If your home or farm has more than five acres or you own a mobile home and it is classified as personal property, an Assessor’s Certification (Form 948) must be attached with a copy of your paid personal or real property tax receipt. Your county assessor will complete this form on your request. If you own a mobile home and it is classified as real property, a Form 948 is not needed. In such cases, you can claim property tax for the mobile home and rent for the lot, if applicable. If you have the same address as your landlord, please verify the number of occupants and living units. LINE 13 - TOTAL REAL ESTATE TAX/RENT PAID Helpful Hints • Real estate tax paid for a prior year cannot be claimed on this form. To claim real estate taxes for a prior year, you must file a claim for that year. (Example: If you paid your 2019 real estate tax in calendar year 2020, you must file a 2019 Property Tax Credit Claim.) Add amounts from Form MO-PTS, Lines 11 and 12 and enter amount on Line 13, or $1,100, whichever is less. Example: Ester owns her home for three months and pays $100 in property taxes. For nine months she rents an apartment and pays $4,000 in rent. The amount on Line 9 of the MO-CRP is $800 ($4,000 x 20%). Form MO-PTC, Line 9 is $100, Line 10 is $750 ($750 is the limit on Line 10) and Line 11 is $850. • If you own your home and other adults (other than spouse) live there and pay rent, the rent must be included in your federal adjusted gross income. A credit will not be allowed on vehicles and other items listed on the personal property tax receipt. LINE 14 - PROPERTY TAX CREDIT Apply Lines 10 and 13 to the Property Tax Credit Chart on pages 29 through 31 to determine the amount of your prop­er­ty tax credit and enter amount on Line 14. If you have another income tax or property tax credit liability, this property tax credit may be applied to that liability in accordance with Section 143.782, RSMo. You will be notified if your credit is offset against any debts. If you submit more than one receipt from a city or county for your residence, please submit a letter of explanation. If you share a home, report only the portion of real estate tax that was actually paid by you. If you sold or purchased your home during the year, attach a copy of the seller’s or buyer’s agreement to your claim. If you use your home for business purposes, the percentage of your home that is used for business purposes must be subtracted from your real estate taxes paid. If you need to use a Form 948 to calculate the amount of real estate tax, you must subtract the percentage of your home that is used for business purposes from the allowable real estate taxes paid calculated on the Form 948. 14 Helpful Hints To determine your credit, use the 2020 Property Tax Credit Chart on pages 29-31. Lines are provided on the chart to help you figure this amount. Example: Ruth paid $1,200 in real estate tax and her total household income was $15,000. Ruth will apply her tax paid and her total household income to the chart to figure out her credit amount. Even though Ruth paid $1,200 in real estate tax, the maximum allowed credit is $1,100. Ruth will use $1,100 as tax paid and her total household income of $15,000 to make the comparison. When using the chart, Ruth finds where $15,000 and $1,100 “meet” to figure her credit. The two numbers “meet” on the chart where the credit amount is $1,059. Ruth will get a $1,059 credit for the real estate tax she paid. INFORMATION TO COMPLETE FORM MO-CRP Form MO-CRP must be completed by taxpayers who rented their home and are submitting a Property Tax Credit Claim. If you rent from a facility that does not pay property tax, you do not qualify. Step 1: Enter all information requested on Lines 1-5. If rent is paid to a relative, the relationship to the landlord must be indicated on Line 1. Your claim may be delayed if you fail to enter all required information. Step 2: Enter on Line 6 the gross rent paid. Exclude rent paid for any portion of your home used in the production of income, and the rent paid for surrounding land with attachments not necessary nor maintained for homestead purposes. Also, exclude any rent paid to your landlord on your behalf by any organization. Step 3: If you were a resident of a nursing home or boarding home during 2020, use the applicable percentage on Line 7. If you lived in a hotel and meals were included in your rent payment, enter 50 percent; otherwise enter 100 percent. If two or more unmarried individuals over 18 years of age shared a residence and each paid part of the rent, enter the total rent on Form MO-CRP, Line 6 and select the appropriate percentage on box G of Line 7. If the rent receipt is for the total rent amount, then the percentage on box G of the Form MO-CRP must be used to determine your credit. Step 4: Multiply Line 6 by the percentage on Line 7. Enter this amount on Form MO-CRP, Line 8. Step 5: Multiply Line 8 by 20 percent and enter the result on Line 9. Add the totals from Line 9 on all completed Form(s) MO-CRP and enter the amount on Line 12 of Form MO-PTS. Helpful Hints • An apartment is a room or suite of rooms with separate facilities for cooking and other normal household functions. • A boarding home is a house that provides meals, lodging, and the residents share common facilities. 15 Form MO-1040V 2020 Individual Income Tax Payment Voucher What Is Form MO-1040V and Why Should I Use It? How Do I Make My Payment? Form MO-1040V, Individual Income Tax Payment Voucher, is the • Make your check or money order payable to the “Missouri Departvoucher you send with your payment when you do not make the payment of Reve­nue.” Do not send cash. Do not postdate your check; ment with your income tax return. It is similar to vouchers returned with it will be cashed upon receipt. The Department of Revenue may loan, utility, and credit card payments. Form MO-1040V ensures that collect on checks returned for insufficient or uncollected funds elecyour payment will be processed more efficiently and accurately. Form tronically. (U.S. funds only) MO-1040V allows you to file your completed income tax return and • Write your name, address, SSN, daytime telephone number, and send your payment at a later date. Your income tax return and pay“2020 MO Income Tax” on your check or money order. ment are due no later than April 15, 2021. • Detach the payment voucher at the perforation, and mail with your payment. Do not mail a copy of your previously filed return. When Should I Use Form MO-1040V? If you have an amount due on an electronically filed return, or do not • Please mail your Form MO-1040V and payment to: submit payment in full when you file your income tax return, send Form Missouri Department of Revenue MO-1040V with your payment. DO NOT use Form MO-1040V for makP.O. Box 371 ing extension payments. Please use Form MO-60 or visit our website Jefferson City, MO 65105-0371 to pay online. Please print as shown below in black or dark blue ink. Do not use How Do I Fill In the Payment Voucher? red ink or pencil. Complete the name(s) and address block. 1 2 3 4 A B C D • Social Security Number - Enter your social security number (SSN). If you are filing a combined
Extracted from PDF file 2021-missouri-form-mo-pts-ins-1040p.pdf, last modified March 2022

More about the Missouri Form MO-PTS-INS_1040P Individual Income Tax

Form MO-PTS-INS_1040P requires you to list multiple forms of income, such as wages, interest, or alimony .

We last updated the Information to Complete MO-PTS (Form MO-1040P) in April 2022, and the latest form we have available is for tax year 2021. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Missouri Department of Revenue. You can print other Missouri tax forms here.

Related Missouri Individual Income Tax Forms:

TaxFormFinder has an additional 61 Missouri income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Missouri Form MO-PTS-INS_1040P.

Form Code Form Name
Form MO-PTS Property Tax Credit Schedule
Form MO-PTS-INS 1040 Information to Complete MO-PTS (Form MO-1040)

Download all MO tax forms View all 62 Missouri Income Tax Forms


Form Sources:

Missouri usually releases forms for the current tax year between January and April. We last updated Missouri Form MO-PTS-INS_1040P from the Department of Revenue in April 2022.

Show Sources >

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Missouri Form MO-PTS-INS_1040P

We have a total of eight past-year versions of Form MO-PTS-INS_1040P in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2021 Form MO-PTS-INS_1040P

MO-1040P - 2020 Property Tax Credit and Pension Exemption Short Form

2020 Form MO-PTS-INS_1040P

MO-1040P - 2020 Property Tax Credit and Pension Exemption Short Form

2019 Form MO-PTS-INS_1040P

MO-1040P Book - Property Tax Credit and Pension Exemption Short Form

2018 Form MO-PTS-INS_1040P

Form MO-1040P Property Tax Credit and Ppension Exemption Short Form

2017 Form MO-PTS-INS_1040P

2017 Property Tax Credit and Pension Exemption Short Form (MO-1040P)

2016 Form MO-PTS-INS_1040P

MO-PTS Property Tax Credit Schedule

2015 Form MO-PTS-INS_1040P

MO-PTS Property Tax Credit Schedule


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