You may be able to claim a deduction on your Missouri return for the taxable potion of your Social Security income listed on the federal return.
You may be eligible to exclude all of the social security income if:
- Missouri Adjusted Gross Income is less than $100,000 Married Filing Joint ($85,000 for Single, Head of Household, Married filing Separate or Qualifying Widow(er))
- Age 62+ or disabled
If your income is more than the limit, you may still qualify for a partial exemption. The exemption amount is decreased by the same amount the income exceeds the limit. For example: If your income is $115,000, your exemption would be decreased by the $15,000 the income exceeds the threshold of $100,000. To claim the partial exemption, you must be over age 62 or disabled.