Tax/Incentive Profile > Individual Income Taxes
INDIVIDUAL INCOME TAXES
The state of Missouri uses a graduated tax rate schedule based on net taxable income. Personal exemptions, itemized deductions, or standard deductions are applied to gross income to obtain net taxable income.
The tax rate for individuals ranges from 1.5% on the first $1,000 of taxable income to 6% of taxable income over $9,000. Missouri taxable income is reduced by the amounts of various standard and itemized deductions. The standard deductions include: a portion of federal income tax paid (up to $5,000 on a single return and $10,000 on a joint return), $1,200 for each dependent, $2,100 for each personal exemption, as well as the federal standard deduction for a married couple filing jointly who does not itemize deductions.
MISSOURI TAX RATES
| If taxable income is: | The tax is: |
| Not over $1,000 | |
| Over $1,000 but not over $2,000 | |
| Over $2,000 but not over $3,000 | |
| Over $3,000 but not over $5,000 | |
| Over $5,000 but not over $6,000 | |
| Over $6,000 but not over $7,000 | |
| Over $7,000 but not over $8,000 | |
| Over $8,000 but not over $9,000 | |
| Over $9,000 |
The Missouri Department of Revenue can be found on the web at http://dor.state.mo.us/tax/.
TAXES-
Corporate Income Taxes
Individual Income Taxes
Property Taxes
Unemployment Insurance
Workers' Compensation
Sales & Use Taxes
Corporate Franchise Taxes
Business Formation Fees
INCENTIVES-
Income Tax Credits
Property Tax Exemptions
Sales & Use Tax Exemptions
Training Programs
Financing Programs
Foreign Trade Zones
Utility Incentives
Int'l Trade Incentives
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