Form PA-40 Schedule O "Other Deductions" - Pennsylvania

What Is Form PA-40 Schedule O?

This is a legal form that was released by the Pennsylvania Department of Revenue - a government authority operating within Pennsylvania.The document is a supplement to Form PA-40, Pennsylvania Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on May 1, 2019;
  • The latest edition provided by the Pennsylvania Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form PA-40 Schedule O by clicking the link below or browse more documents and templates provided by the Pennsylvania Department of Revenue.

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Download Form PA-40 Schedule O "Other Deductions" - Pennsylvania

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1901610053
PA SCHEDULE O
Other Deductions
PA-40 O 05-19 (FI)
2019
PA Department of Revenue
OFFICIAL USE ONLY
START
Name shown first on the PA-40 (if filing jointly)
Social Security Number (shown first)
(See the instructions.)
IRC SECTION 529 QUALIFIED TUITION PROGRAM CONTRIBUTIONS
SECTION I
(Limit $15,000 per beneficiary, per taxpayer-spouse.)
Beneficiary Information:
Contributions by:
(a) Name:
(b) Social Security Number
(c) Taxpayer
(d) Spouse
1.
1(c).
1(d).
2. Total IRC Section 529 Contributions - Add all amounts listed (including
amounts on additional schedules).
2(c).
2(d).
IRC SECTION 529A PENNSYLVANIA ABLE SAVINGS ACCOUNT PROGRAM CONTRIBUTIONS
SECTION II
(See the instructions for limits on contributions.)
Beneficiary Information:
Contributions by:
(a) Name:
(b) Social Security Number
(c) Taxpayer
(d) Spouse
3.
3(c).
3(d).
4. Total IRC Section 529A Contributions - Add all amounts listed
4(c).
4(d).
(including amounts on additional schedules).
OTHER DEDUCTIONS AND LIMITATIONS
SECTION III
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.
10.
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1901610053
PA SCHEDULE O
Other Deductions
PA-40 O 05-19 (FI)
2019
PA Department of Revenue
OFFICIAL USE ONLY
START
Name shown first on the PA-40 (if filing jointly)
Social Security Number (shown first)
(See the instructions.)
IRC SECTION 529 QUALIFIED TUITION PROGRAM CONTRIBUTIONS
SECTION I
(Limit $15,000 per beneficiary, per taxpayer-spouse.)
Beneficiary Information:
Contributions by:
(a) Name:
(b) Social Security Number
(c) Taxpayer
(d) Spouse
1.
1(c).
1(d).
2. Total IRC Section 529 Contributions - Add all amounts listed (including
amounts on additional schedules).
2(c).
2(d).
IRC SECTION 529A PENNSYLVANIA ABLE SAVINGS ACCOUNT PROGRAM CONTRIBUTIONS
SECTION II
(See the instructions for limits on contributions.)
Beneficiary Information:
Contributions by:
(a) Name:
(b) Social Security Number
(c) Taxpayer
(d) Spouse
3.
3(c).
3(d).
4. Total IRC Section 529A Contributions - Add all amounts listed
4(c).
4(d).
(including amounts on additional schedules).
OTHER DEDUCTIONS AND LIMITATIONS
SECTION III
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.
10.
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2019
Pennsylvania Department of Revenue
Instructions for PA-40 Schedule O
Other Deductions
PA-40 O IN 05-19
LINE INSTRUCTIONS
GENERAL INFORMATION
PURPOSE OF SCHEDULE
SECTION I
Use PA-40 Schedule O to report the amount of deductions
for contributions to Medical Savings or Health Savings Ac-
IRC SECTION 529 QUALIFIED TUITION
counts and/or the amount of contributions to an IRC Section
529 Qualified Tuition Program by the taxpayer and/or
PROGRAM CONTRIBUTIONS
spouse.
LINE 1
RECORDING DOLLAR AMOUNTS
COLUMN (a)
Show money amounts in whole-dollars only. Eliminate any
Enter the name of each beneficiary for whom an IRC Sec-
amount less than $0.50 and increase any amount that is
tion 529 Qualified Tuition Program contribution was made
$0.50 or more to the next highest dollar.
during the tax year.
WHO MUST COMPLETE
IMPORTANT: Only include contributions made on be-
half of a beneficiary up to and including Dec. 31 of the
PA-40 Schedule O must be completed and included with an
tax year. Contributions made after Dec. 31 of the tax year
originally filed PA-40, Personal Income Tax Return, if the tax-
and before the April 15 of the following tax year may only be
payer and/or spouse made contributions to a Medical Sav-
included on the following tax year’s return.
ings or Health Savings Account and/or made contributions
to an IRC Section 529 Qualified Tuition Program and the
COLUMN (b)
taxpayer and/or spouse wish to take an amount as a deduc-
Enter the corresponding Social Security number for each
tion on Line 10 of the PA-40, Personal Income Tax Return.
beneficiary listed in Column (a).
An amended PA Schedule O must be included with Sched-
COLUMNS (c) AND (d)
ule PA-40 X if increases or decreases in other deduction
Enter the amount contributed on behalf of each beneficiary
amounts on PA Schedule O are discovered after an original
by the taxpayer and/ or spouse in the appropriate column.
or other amended return is filed with the department. Section
III on Page 2 of Schedule PA-40 X must be completed to ex-
REMINDER: Include the amount of any IRC Section 529
plain any increase or decrease to the amount of contribu-
contribution reported and made from the immediately pre-
tions and resulting deduction reported on an amended
ceding tax year’s PA-40 Schedule P, Refund Donations to
PA-40, Personal Income Tax Return.
Pennsylvania 529 College Savings Program Accounts.
SCHEDULE INSTRUCTIONS
CAUTION: Do not include more than $15,000 per ben-
eficiary in Column (c) or more $15,000 per beneficiary
IDENTIFICATION INFORMATION
in Column (d).
NAME
Enter the name of the taxpayer. If a jointly filed return, enter
If there are more than 10 beneficiaries for which a de-
the name of the primary taxpayer (name shown first on the
duction is claimed, please include a statement show-
PA-40, Personal Income Tax Return). Enter the primary tax-
ing each beneficiary’s name Social Security number and the
payer’s name even when only reporting the other deductions
amount of the deduction claimed for each of the beneficiar-
for the spouse on a return filed using the Married, Filing
ies by the taxpayer and/ or spouse.
Jointly filing status.
LINE 2
SOCIAL SECURITY NUMBER
Enter the Social Security number (SSN) of the taxpayer.
COLUMNS (c) AND (d)
Enter the primary taxpayer’s SSN also when reporting only
Add the amounts for Columns (c) and/or (d) and enter the
the other deductions for the spouse on a return filed using
total.
the Married, Filing Jointly filing status.
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PA-40 O
1
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for the taxpayer and/or spouse allowed for federal income
SECTION II
tax purposes included in Line 36 of federal Form 1040,
Schedule 1.
IRC SECTION 529A PENNSYLVANIA ABLE
SAVINGS ACCOUNT PROGRAM CONTRIBUTIONS
LINE 6
LINE 3
COLUMNS (c) AND (d)
Enter the amount of Health Savings Account contributions
COLUMN (a)
for the taxpayer and/or spouse allowed for federal income
Enter the name of each beneficiary for whom an IRC Sec-
tax purposes included on Line 25 of federal Form 1040,
tion 529A Pennsylvania ABLE Savings Program contribution
Schedule 1.
was made during the tax year.
If claiming either of the deductions on Line 5 or Line 6
IMPORTANT: Only include contributions made on be-
of this schedule, a copy of Pages 1 and 2 of federal
half of a beneficiary up to and including Dec. 31 of the
Form 1040 along with a copy of Form 1040, Schedule 1
tax year. Contributions made after Dec. 31 of the tax year
must be included with the PA-40, Personal Income Tax Re-
and before the April 15 of the following tax year may only be
turn.
included on the following tax year’s return.
LINE 7
COLUMN (b)
Enter the corresponding Social Security number for each
COLUMNS (c) AND (d)
beneficiary listed in Column (a).
Add the amounts in Columns (c) and/ or (d) from Lines 2, 4,
COLUMNS (c) AND (d)
5 and 6 together and enter the results here.
Enter the amount contributed on behalf of each beneficiary
LINE 8
by the contributor (taxpayer and/or spouse) in the appropri-
ate column.
COLUMNS (c) AND (d)
If there are more than three beneficiaries for which a
Enter the total income included in Line 9 of the PA-40, cal-
deduction is claimed, please include a statement
culated for the taxpayer and spouse separately.
showing the name, Social Security number and the amount
of the deduction claimed by the contributor for each benefi-
NOTE: When added together, the amounts reported
ciary.
separately for the taxpayer and/or spouse for Line 8
of PA Schedule O should equal Line 9 of the PA-40.
LINE 4
LINE 9
COLUMNS (c) AND (d)
Add the amounts for Columns (c) and/or (d) and enter the
COLUMNS (c) AND (d)
total.
Compare the amounts on Lines 7 and 8 for Columns (c)
and/or (d). Enter the lesser of the amounts for each column.
CAUTION: The maximum contributions to any one
Pennsylvania ABLE Savings Program account by one
LINE 10
or more contributors cannot exceed the annual federal gift
tax exclusion amount. In addition, the maximum contribu-
Add the amounts for Columns (c) and (d) from Line 9 to-
tions by a contributor to one or more accounts cannot ex-
gether. Enter the Total Other Deductions amount here and
ceed the annual federal gift tax exclusion amount. The
on Line 10 of the PA-40, Personal Income Tax Return.
current annual federal gift tax exclusion amount is $15,000.
SECTION III
OTHER DEDUCTIONS AND LIMITATIONS
LINE 5
COLUMNS (c) AND (d)
Enter the amount of Medical Savings Account contributions
2
PA-40 O
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