First, the tax credit is shown on the MO 1040, page 2, line 4 carried from the MO-A. This reduces your MO adjusted gross income on line 5.
Please check your MO-A. Your contributions should show on the lines below.
- MO-A- Individual Income Tax Adjustments 2022 - see line 12
- MO-A- Individual Income Tax Adjustments 2021 - see line 12
- MO-A- Individual Income Tax Adjustments 2020 - see line 11
Let's begin with page 15 of the 2020 MO 1040 instructions regarding the MO-A, which state:
LINE 11 - EXEMPT CONTRIBUTIONS MADE TO A QUALIFIED 529 PLAN The state of Missouri allows a subtraction from federal adjusted gross income for the amount of annual contributions made to the Missouri Savings for Tuition Program (MOST), or any other qualified 529 plan. The maximum annual exempt contribution is $8,000 for single individuals or $16,000 for married couples filing a combined return.
If you contributed to MOST, or any other qualified 529 plan and are claiming the subtraction on your Missouri income tax return, please attach one of the following with your return:
• Statement from program manager showing contribution in the name of the individual claiming the subtraction,
• Bank statements reporting/verifying the contribution date and contribution amount,
• Copies of canceled checks,
• Other supporting documentation verifying the name of the individual who contributed to the MOST 529 account, contribution dates, and contribution amounts.
The documentation verifying contributions must be in the name of the individual claiming the subtraction.
Second, since you are using the desktop version, you can go into the FORMS mode and input the data directly, if needed. Then you can mail the proof with the amended form. Be sure to mail with tracking since it is confidential information.
Third, as for line 48 2020 or line 492021 being blank, that line is to direct your refund into a 529 account. You have to decide how much of your refund, if any, you want deposited and must file form 5632. If you want your refund to be deposited into the 529 account, fill out line 48 or with the desired amount and form 5632.
5632 -2022 MOST - Missouri's 529 College Savings Plan Direct Deposit Form - Individual Income Tax
5632- 2021 MOST - Missouri's 529 Education Savings Plan Direct Deposit Form - Individual Income Tax
5632- 2020 MOST - Missouri's 529 Education Savings Plan Direct Deposit Form - Individual Income Tax
This year, 2022, it is line 51. MO-1040
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