Pennsylvania Schedule O Instructions

PA SCHEDULE O (LINE 10)

Taxpayers claiming deductions for IRC Section 529 Qualified Tuition Program contributions, Medical Savings Account contributions or Health Savings Account contributions must complete PA Schedule O.

PART I - IRC Section 529 Qualified Tuition Program Contributions

Line 1. Enter the name and Social Security number for each beneficiary for whom a contribution was made to an IRC Section 529 plan during tax year 2013. Enter the amount of the contribution made for each beneficiary. A taxpayer and spouse each may take a deduction for contributions up to a limit of $14,000 per beneficiary. If you have more than 10 beneficiaries for which you are claiming a deduction, please include a statement showing each beneficiary's name, Social Security number, and the amount of deduction claimed for each of the beneficiaries by the taxpayer and/or spouse.

Line 2. Add the amount of contributions made by the taxpayer and/or spouse and include the total in the appropriate columns.

PART II - Other Deductions and Limitations

Line 3. Enter the amount of Medical Savings Account contributions allowed for federal income tax purposes included on Line 36 of your federal Form 1040. If you claim this deduction, you must include a copy of the first page of your federal Form 1040 with your PA-40 return.

Line 4. Enter the amount of Health Savings Account contributions allowed for federal income tax purposes included on Line 25 of your federal Form 1040. If you claim this deduction, you must include a copy of the first page of your federal Form 1040 with your PA-40 return.

Line 5. Add the amounts from Lines 2, 3, and 4 together for the taxpayer and/or spouse columns.

Line 6. Enter the total income included in Line 9 of your 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 6 of PA Schedule O should equal Line 9 of the PA-40.

Line 7. Compare the amounts on Lines 5 and 6 for the taxpayer and spouse. Enter the lesser of the amounts for each column.

Line 8. Add the amounts from Line 7 for the taxpayer and spouse together. Enter the Total Other Deductions amount here and on Line 10 of your PA-40 return.