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Tax Calculators. Use our handy calculators linked below to assist you in determining your income tax, withholding, or penalties for failure to file or pay taxes. Additions to Tax and Interest Calculator. Income Tax Calculator. Withholding Calculator. The Missouri Department of Revenue Taxation Division administers Missouri tax law.
- Withholding Calculator
The withholding calculator is designed to assist taxpayers...
- Additions and Interest Calculator
Individual Income Tax Calculator. Double check your tax...
- Withholding Calculator
Jan 1, 2024 · The income tax rates for the 2023 tax year (which you file in 2024) range from 0% to 4.95%. Residents of and people who work in Kansas City or St. Louis must also pay a 1% earnings tax, which will keep their tax bills somewhat higher than average.
Interactive: SmartAsset's Missouri paycheck calculator shows your hourly and salary income after federal, state and local taxes. Enter your info to see your take home pay.
- What You Need to Know About Missouri State Taxes
- Income Tax Deductions For Missouri
- Missouri State Income Tax Credits
- Do I Have to Pay Income Tax in Missouri?
The state of Missouri requires you to pay taxes if you are a resident or nonresident who receives income from a Missouri source. The state income taxrates range up to 5.4%, and the sales tax rate is 4.225%. Missouri offers tax deductions and credits to reduce your tax liability, including a standard deduction, itemized deductions, charitable contri...
Standard Deduction
The state of Missouri offers a standard deduction for taxpayers. The 2021 standard deduction allows taxpayers to reduce their taxable income by $12,550 for single filers, $25,100 for married filing jointly, $18,800 for head of household and $25,100 for qualifying widows/widowers.
Itemized Deductions
You have the option to choose the standard deduction or itemize your deductions on your Missouri state income tax return. However, if you were required to itemize your deductions on your federal tax return, you must choose to itemize. You’re required to itemize your deductions on your federal tax return if you file married filing separately and your spouse decides to do so.
Long-Term Care Insurance Deduction
Taxpayers may be able to deduct the cost of premiums for long-term care insurance. The policy must be for at least 12 months of coverage.
Food Pantry, Homeless Shelter, or Soup Kitchen Tax Credit
Taxpayers who contribute money or food to a food pantry, homeless shelter or soup kitchen may claim a nonrefundable tax credit for 50% of the value of the contribution or the amount donated. Donations to food banks and organizations outside the state are ineligible for the credit. The maximum credit you can claim in a year is $2,500 per person, and the claim can’t be larger than your tax liability. If you contribute to more than one food pantry, shelter or soup kitchen, you’ll need to complet...
Special Needs Adoption Tax Credit
Missouri residents who adopt a special needs child who is also a resident of Missouri may take a one-time nonrefundable tax credit of up to $10,000 for adoption expenses per child. As of January 2022, if you adopt a child, you may claim the credit regardless of whether the child is a special needs child. However, the state will prioritize taxpayers who adopt a special needs child. adoptions of any Missouri resident child will be eligible for the tax credit, regardless of special-needs status.
Diaper Bank Tax Credit
Donations of $100 or more to a diaper bank are eligible for a tax credit for 50% of the donation. Donations may include cash, stock, bonds, or real property, and the organization must be a nonprofit located in Missouri. The credit may not exceed your tax liability for the year, and can’t exceed $50,000 per taxable year.
You’re required to file a Missouri tax return if you receive income from a Missouri source. There are a few exceptions: 1. You’re a Missouri resident, and your state adjusted gross income is less than $1,200 2. You’re a nonresident, and your Missouri income was less than $600 3. Your state adjusted gross income is lower than the state standard dedu...
You are able to use our Missouri State Tax Calculator to calculate your total tax costs in the tax year 2024/25. Our calculator has recently been updated to include both the latest Federal Tax Rates, along with the latest State Tax Rates.
Withholding Calculator. The Missouri Department of Revenue Online Withholding Tax Calculator is provided as a service for employees, employers, and tax professionals. Employees can use the calculator to do tax planning and project future withholdings and changes to their Missouri W-4.
