Missouri

Sales Tax

  • 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).

 

Property Tax

  • 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

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