Enlarge image
1 1
2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86
3 3
4 NEAR FINAL DRAFT 8/1/24 4
5 5
6 *241211* 6
7 7
8 2024 Schedule M1QPEN, Qualified Public Pension Subtraction 8
9 9
10 Before you complete this schedule, read the instructions on the next page. 10
11 11
12 TAXPAYER’S 1ST NAME,IN TAXPAYER’S LAST NAMEXXXXXX 999999999 12
13 Your First Name and Initial Last Name Social Security Number 13
14 YOUR PENSION ADMINISTR PAYER TINXXXXXXXXXXXXXXXXXXXXXXX 14
Your Pension Administrator Payer TIN (found on federal Form 1099-R)
15 15
16 16
17 You may qualify for this subtraction if all of these are true: 17
18 • You receive payments or survivor benefits from a qualified public pension plan 18
19 • Your payments are taxable on your federal return 19
20 • Your income is below a certain threshold based on your filing status (see the table in the instructions) 20
21 • Your payments are not based on service for which Social Security benefits were also earned 21
22 22
23 X Qualified Pension Plan: Check this box if you are receiving taxable payments from a qualified public pension plan 23
24 listed in the instructions 24
25 25
26 Membership Type: Check the boxes that apply to your pension plan membership (see instructions): 26
27 27
28 X Basic Member: You were a basic member of the pension plan 28
29 29
30 X Coordinated Member: You were a coordinated member of the pension plan 30
31 1.12345 31
32 X Basic to Coordinated Member Conversion: You were a basic member of the pension plan who was converted to a 32
33 coordinated member during your service 33
34 34
35 123456 35
36 Qualified Public Pension Plan 36
37 37
38 1 Enter your total qualified public pension plan payments included in adjusted gross income . . . . . . . . . . . . . . . . . . . 1 12345678 38
39 39
40 2 Enter $13,170 ($26,340 if Married Filing Jointly or Qualifying Surviving Spouse) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 12345678 40
41 41
42 3 Enter the lesser of line 1 or line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 12345678 42
43 43
44 4 Enter your adjusted gross income from line 1 of Form M1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 12345678 44
45 45
46 5 Enter the amount for your filing status: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 12345678 46
47 Married Filing Jointly or Qualifying Surviving Spouse: $105,380 47
48 Single or Head of Household: $82,190 48
49 Married Filing Separately: $52,690 49
50 If line 4 is less than or equal to line 5, skip lines 6 through 9 and enter the amount from line 3 on line 10. 50
51 51
52 6 Subtract line 5 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 12345678 52
53 53
54 7 Divide line 6 by 2,000. Round up to the nearest whole number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 12345678 54
55 55
56 8 Multiply line by7 Enter (.1). 10% asresult the a decimal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 1.12345 56
57 57
58 9 Multiply line 8 by line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 12345678 58
59 10 Subtract line 9 from line 3 and enter the result here and on line 29 of Schedule M1M 59
60 (if zero or less, enter 0. You do not qualify for this subtraction) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 12345678 60
61 61
62 62
63 9995 63
2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86
65 65