NEAR FINAL DRAFT 8/1/24

                                                                                                                     *241211*

2024 Schedule M1QPEN, Qualified Public Pension Subtraction

Before you complete this schedule, read the instructions on the next page.

Your First Name and Initial                     Last Name                                                            Social Security Number

Your Pension Administrator                      Payer TIN (found on federal Form 1099-R)

You may qualify for this subtraction if all of these are true: 
•   You receive payments or survivor benefits from a qualified public pension plan
•   Your payments are taxable on your federal return 
•   Your income is below a certain threshold based on your filing status (see the table in the instructions)
•   Your payments are not based on service for which Social Security benefits were also earned

       Qualified Pension Plan: Check this box if you are receiving taxable payments from a qualified public pension plan  
       listed in the instructions

Membership Type: Check the boxes that apply to your pension plan membership (see instructions):

       Basic Member: You were a basic member of the pension plan

       Coordinated Member: You were a coordinated member of the pension plan 

       Basic to Coordinated Member Conversion: You were a basic member of the pension plan who was converted to a                                                                                              
       coordinated member during your service

Qualified Public Pension Plan

  1    Enter your total qualified public pension plan payments included in adjusted gross income     . . .  . . . . . . .  . . . . .  . . . .   1   

  2    Enter $13,170 ($26,340 if Married Filing Jointly or Qualifying Surviving Spouse)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . .   2   

  3    Enter the lesser of line 1 or line 2   . . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .   3   

  4    Enter your adjusted gross income from line 1 of Form M1  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . 4   
 
  5    Enter the amount for your filing status:  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . .   5   
       Married Filing Jointly or Qualifying Surviving Spouse: $105,380
       Single or Head of Household: $82,190
       Married Filing Separately: $52,690
       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.

  6  Subtract line 5 from line 4   . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  6  

  7  Divide line 6 by 2,000. Round up to the nearest whole number   . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .   7   

  8  Multiply line 7 by 10% (.1). Enter the result as a decimal  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  .   8                             .

  9  Multiply line 8 by line 3   . . .  . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .   9      
 10  Subtract line 9 from line 3 and enter the result here and on line 29 of Schedule M1M  
     (if zero or less, enter 0. You do not qualify for this subtraction)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .    10   

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