Missouri is known as one of the friendlier states when it comes to providing state tax payment options for taxpayers with a variety of situations. However, it’s important to comply with the requirements fully to avoid rejection or defaulting on the plan. Missouri’s top individual income tax rate dropped slightly in 2023. It is still higher than the national average. Missouri State Income Tax is a progressive tax, which means that your tax rate will increase as you earn more. The top rate is 5.3%, which is lower than 28 other states and our neighboring states of Iowa and Kansas.
Missouri taxable income is calculated by adding or subtracting certain types of income from your adjusted gross income (AGI). For example, contributions made to 529 college savings plans and interest earnings on public bonds are subtracted from AGI, while social security benefits and pensions are added in. Other deductions and credits include charitable contribution credits and property tax exemptions for senior citizens.
How to File Missouri State Income Tax
You can make an online Missouri state tax payment after you’ve e-filed or filed your current Missouri tax year tax return (or an extension). Alternatively, you can also pay an estimated Missouri state income tax using this Web site. Just be aware that you must have a valid billing address to process your payment.
The Missouri Department of Revenue recommends that taxpayers file electronically. Electronic filing offers speed, accuracy and the ability to direct deposit refunds. Many Missourians qualify for free e-filing through the Free File Alliance. For more information on filing options, visit the Department’s website or check out our e-filing resources page.
Missouri State Income Tax Exemptions
Missouri doesn’t actually have traditional income tax exemptions anymore. They were replaced with a standard deduction. This means everyone gets a set dollar amount deducted from their taxable income, regardless of their filing status. However, there are still some situations where you might be exempt from some of your income taxes.
Residents who donate food or money to a qualifying food pantry, shelter or soup kitchen may claim a nonrefundable credit for 50% of their donation. You must file a MO-FPT form to claim the credit. Missouri charges a state sales and use tax of 4.225%, and local governments (cities and counties) can charge an additional sales tax. For example, St. Louis and Kansas City charge an additional 1.225%.
Missouri Income Tax Due Dates
Missouri Individual income tax returns are due by April 15 in most years, or the fourth month following the end of the taxable year for fiscal year filers. Missouri offers a six-month filing extension for individuals who expect to owe additional tax. To request a Missouri extension, file Form MO-60 by the return’s original due date and include payment.