Enlarge image | NEAR FINAL DRAFT 8/1/24 *241381* 2024 Schedule M1MA, Marriage Credit Your First Name and Initial Your Last Name Your Social Security Number Spouse’s First Name and Initial Spouse’s Last Name Spouse’s Social Security Number Part 1 A — Taxpayer B — Spouse 1 Wages, salaries, tips, and other employee compensation (see instructions) . . . . . . . . . . . . . . 1 2 Self-employment income (from line 3 of federal Schedule SE, less the self-employment tax deduction from line 13 of federal Schedule SE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Taxable income received from a retirement pension, profit-sharing, stock bonus, or annuity plan (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Taxable Social Security benefits (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Add lines 1 through 4 for each column . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Amount from line 5, Column A or B, whichever is less (If less than $30,000, STOP HERE. You do not qualify) . . . . . . . . . . . 6 7 taxableJoint from income 9line M1.Form of less (If than $47,000, STOP HERE. You qualify)not do ... ...... ..... .... 7 8 If line 6 is less than $120,000 determine , the amount andof credit 6 using lines your and7 the table in the instructions. — Full-year residents: Enter the result here and on line 1 of Schedule M1C .... ....... ..... ..... ...... ...... . 8 — Part-year residents and nonresidents: Skip ahead to Part 3 If line 6 is $120,000 or more, continue to Part 2 Part 2 — If Line 6 is $120,000 or More 9 Enter the amount from line 6 .... ...... ..... ...... ..... ....... ..... ..... ...... ...... ..... ...... ...... .... 9 10 Value of one-half of the standard deduction for Married Filing Jointly ... ...... ..... ....... ..... ...... ..... .... 10 14,575 11 Subtract line 10 from line 9 ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ..... ...... ..... . 11 12 theUsing tax rate schedule for single persons in the instructions, M1 compute the tax thefor amount on .11 line ... 12 13 Amount from line 7 ... ..... ...... ...... ..... ...... ..... ...... ..... ...... ...... ...... ..... ...... ...... 13 14 Amount from line 11... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ..... ...... ..... ...... 14 15Subtract line zero 14 from (If or less, 13 line STOP HERE. do You qualify)...not ...... ..... ....... ..... ...... .... 15 16 Using the tax rate schedule for single persons in the Form M1 instructions, compute the tax for the amount on line 15 16 17 Tax from line 10 of Form M1 ... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ..... ...... .... 17 18 Add lines 12 and 16 . ..... ..... ...... ..... ....... ..... ...... ..... ..... ...... ...... ...... ...... ..... ... 18 19 Subtract line 18 from line 17. If the result is more than $1,801, enter $1,801. If result is zero or less, you do not qualify. Full-year residents: Enter the result here and on line 1 of Schedule M1C ...... ...... ...... ..... ..... ...... .... 19 Part-year residents and nonresidents: Continue to Part 3. Part 3 — Part-Year Residents and Nonresidents 20 Part-year residents and nonresidents: Enter the decimal Scheduleline 30 of from M1NR . ...... ..... ..... ....... 20 21 Multiply line 8 or line 19, whichever is applicable, by line 20. Enter the result here and on line 1 of Schedule M1C ... . 21 Include this schedule when you file Form M1. Keep a copy for your records. 9995 |
Enlarge image | 2024 Schedule M1MA Instructions Do I qualify? You may qualify for the Marriage Credit if all of these are true: • Your filing status is Married Filing Jointly • Both you and your spouse have taxable earned income, taxable pension, or taxable Social Security income • Your joint taxable income on line 9 of your Form M1 is at least $47,000 • The income of the lesser-earning spouse is at least $30,000 Line Instructions Lines 1—5 Complete lines 1 through 5, Columns A and B, to determine the earned income for each spouse. Line 1 Do not include the following amounts on line 1: • Military wages that you are allowed to subtract on lines 20, 21, and 22 of Schedule M1M, Income Additions and Subtractions • Railroad retirement board benefits • Medicaid Waiver Payments you excluded from adjusted gross income on line 9 of federal Schedule 1 Line 3 Taxable pension income included on lines 4b and 5b of federal Forms 1040 and 1040-SR. When calculating line 3, do not include any Rail- road Retirement Board benefits. Line 4 Enter the amount from line 6b of federal Form 1040 or 1040-SR. If you both received social security benefits, use the amounts from box 5 of Form SSA-1099 to determine each spouse’s portion of the joint taxable social security benefits included on line 6b of Form 1040. Line 8 Table for Line 8 If line 6 is: and line 7 is at least: $47,000 67,000 87,000 107,000 127,000 147,000 167,000 187,000 207,000 227,000 247,000 267,000 287,000 307,000 327,000 347,000 at but but less than: least less than $67,000 87,000 107,000 127,000 147,000 167,000 187,000 207,000 227,000 247,000 267,000 287,000 307,000 327,000 347,000 & Over your credit amount is: $30,000 32,000 26 26 26 26 0 0 0 0 0 0 0 0 0 0 0 0 32,000 34,000 55 55 55 55 0 0 0 0 0 0 0 0 0 0 0 0 34,000 36,000 84 84 84 84 0 0 0 0 0 0 0 0 0 0 0 0 36,000 38,000 113 113 113 113 3 0 0 0 0 0 0 0 0 0 0 0 38,000 40,000 142 142 142 142 53 0 0 0 0 0 0 0 0 0 0 0 40,000 42,000 155 171 171 171 103 0 0 0 0 0 0 0 0 0 0 0 42,000 44,000 155 200 200 200 153 0 0 0 0 0 0 0 0 0 0 0 44,000 46,000 155 229 229 229 203 0 0 0 0 0 0 0 0 0 0 0 46,000 48,000 144 247 247 247 242 32 0 0 0 0 0 0 0 0 0 0 48,000 50,000 115 247 247 247 247 53 0 0 0 0 0 0 0 0 0 0 50,000 52,000 86 247 247 247 247 74 0 0 0 0 0 0 0 0 0 0 52,000 54,000 57 247 247 247 247 95 0 0 0 0 0 0 0 0 0 0 54,000 56,000 28 247 247 247 247 116 0 0 0 0 0 0 0 0 0 0 56,000 58,000 0 247 247 247 247 137 0 0 0 0 0 0 0 0 0 0 58,000 60,000 0 247 247 247 247 158 0 0 0 0 0 0 0 0 0 0 60,000 62,000 0 231 247 247 247 179 0 0 0 0 0 0 0 0 0 0 62,000 64,000 0 202 247 247 247 200 0 0 0 0 0 0 0 0 0 0 64,000 66,000 0 173 247 247 247 221 11 0 0 0 0 0 0 0 0 0 66,000 68,000 0 144 247 247 247 242 32 0 0 0 0 0 0 0 0 0 68,000 70,000 0 115 247 247 247 247 53 0 0 0 0 0 0 0 0 0 70,000 72,000 0 86 247 247 247 247 74 0 0 0 0 0 0 0 0 0 72,000 74,000 0 57 247 247 247 247 95 21 21 21 0 0 0 0 0 0 74,000 76,000 0 28 247 247 247 247 116 42 42 42 0 0 0 0 0 0 76,000 78,000 0 0 247 247 247 247 137 63 63 63 37 0 0 0 0 0 78,000 80,000 0 0 247 247 247 247 158 84 84 84 84 0 0 0 0 0 80,000 82,000 0 0 231 247 247 247 179 105 105 105 105 0 0 0 0 0 82,000 84,000 0 0 202 247 247 247 200 126 126 126 126 0 0 0 0 0 84,000 86,000 0 0 173 247 247 247 221 147 147 147 147 0 0 0 0 0 86,000 88,000 0 0 144 247 247 247 242 168 168 168 168 0 0 0 0 0 88,000 90,000 0 0 115 247 247 247 247 189 189 189 189 3 0 0 0 0 90,000 92,000 0 0 86 247 247 247 247 210 210 210 210 64 0 0 0 0 92,000 94,000 0 0 57 247 247 247 247 231 231 231 231 125 0 0 0 0 94,000 96,000 0 0 28 247 247 247 247 252 252 252 252 186 0 0 0 0 96,000 98,000 0 0 0 247 247 247 247 273 273 273 273 247 0 0 0 0 98,000 100,000 0 0 0 247 247 247 247 294 294 294 294 294 0 0 0 0 100,000 102,000 0 0 0 231 247 247 247 315 315 315 315 315 0 0 0 0 102,000 104,000 0 0 0 202 247 247 247 336 336 336 336 336 30 30 0 0 104,000 106,000 0 0 0 173 247 247 247 357 357 357 357 357 91 91 0 0 106,000 108,000 0 0 0 144 247 247 247 378 378 378 378 378 152 152 0 0 108,000 110,000 0 0 0 115 247 247 247 383 399 399 399 399 213 213 0 0 110,000 112,000 0 0 0 86 247 247 247 383 420 420 420 420 274 274 0 0 112,000 114,000 0 0 0 57 247 247 247 383 441 441 441 441 335 335 0 0 114,000 116,000 0 0 0 28 247 247 247 383 462 462 462 462 396 396 0 0 116,000 118,000 0 0 0 0 247 247 247 383 483 483 483 483 457 457 57 0 118,000 120,000 0 0 0 0 244 244 244 380 501 501 501 501 501 501 114 25 |