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): 8.02%
  • Common Exceptions at State Level:
    • Prescription Medicine: Exempt
    • Unprepared Foods: 1.225%
  • Gasoline Tax: 43.37 cents/gallon (Includes all state, local, and federal taxes)
  • Diesel Fuel Tax: 49.37 cents/gallon (Includes all state, local, and federal taxes)
     

Personal Income Tax

  • Personal Income Tax Rate Range: Eight brackets from 0% to 4.8% (on income greater than $8,911). First $1,000 of income exempt.
  • Standard deduction: Single Filing Status: $14,600.  
  • Personal Exemption Allowance: N/A
  • Itemized Deductions Allowed? Yes, subject to limitations
  • Retirement Income
    • Social Security: Fully exempt for taxpayers 62 or older (if not included in federal Adjusted Gross Income). 
    • IRAs: Taxable at ordinary income tax rates*
    • 401Ks/Defined contribution employer retirement plans: Taxable at ordinary income tax rates*
    • Private pensions: Taxable at ordinary income tax rates*
    • Public Pensions: Exempt. Subject to a maximum equal to the maximum Social Security benefit amount.  
  • 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.
  • *Income Tax Comments: Up to 80% of Reserve Pay exempt. State allows a county- and city-level income tax. Federal income tax deductible (limited to $500). Individuals with income less than $25,000 ($32,000 if married filing jointly) may qualify for a $6,000 exemption on retirement income.

 

Property Tax

  • Local municipalities average .91% of the property's assessed value.
  • Calculation of assessed value: 19% of fair market value
  • Relief programs for:
    • 65 and Over/Disabled/Over 60 and 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: $2,500 exemption if 30-50% disability rating; $5,000 exemption if 50-70% disability rating; 100% exemption if over 70% disability rating.
  • Personal Property Tax: Yes. Rates and exemptions vary.

 

Inheritance & Estate Taxes: None

 

Department of Revenue website: www.dor.mo.gov

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