- Statewide: 4.225%
- Counties can levy an additional sales tax of no more than 7.763%.
- Current average sales tax (with local taxes included): 7.99%
- Common Exceptions at State Level:
- Prescription Medicine: Exempt
- Unprepared Foods: 1.225%
- Gasoline Tax: 38.32 cents/gallon (Includes all state, local, and federal taxes)
- Diesel Fuel Tax: 44.32 cents/gallon (Includes all state, local, and federal taxes)
Personal Income Tax
- Personal Income Tax Rate Range: Seven brackets from 0% to 4.95% (on income greater than $8,968). First $1,000 of income exempt.
- Standard deduction: Single Filing Status: $13,850.
- Personal Exemption Allowance: N/A
- Itemized Deductions Allowed? Yes, subject to limitations
- Retirement Income
- Social Security: Fully exempt for taxpayers with income less than $85,000 ($100,000 married filing jointly); others may receive partial exemption.
- IRAs: Taxable at ordinary income tax rates
- 401Ks/Defined contribution employer retirement plans: Taxable at ordinary income tax rates
- Private pensions: Individuals with income less than $25,000 may receive a $6,000 exception. Joint filers making less than $32,000 may exempt up to $12,000.
- Public Pensions: Individuals with income less than $85,000 ($100,000 joint) can take an exemption limited to the maximum Social Security benefit of each spouse.
- Military Pay
- Active Duty Pay: Exempt
- Military Retirement Pay: Exempt
- Military Disability Pay: Exempt
- VA Disability Dependency & Indemnity Compensation Benefits: Exempt
- SBP/SSBP/RCSBP/RSFPP: $85,000 exempt if single filer, $100,000 if joint filers.
- Up to 80% of Reserve Pay exempt. State allows a county- and city-level income tax. Federal income tax deductible (limited to $500).
- Local municipalities average .98% of the property's assessed value.
- Calculation of assessed value: 19% of fair market value
- Relief programs for:
- 65 and over/Disabled/Over 60 & Receiving Survivor Benefits: May be entitled to up to $1,100 credit ($750 for renters) if meet income requirements and taxes due.
- Disabled and former POW Veterans: May be 100% exempt if disability rating is 100%.
- Personal Property Tax: Yes. Rates and exemptions vary.
Inheritance & Estate Taxes: None
Department of Revenue website: www.dor.mo.gov