Missouri’s Standard deduction amount is now equal to the Federal Standard deduction amounts.
- Single - $14,600
- Married Filing Separate - $14,600
- Married Filing Combined - $29,200
- Head of Household - $21,900
- Qualified Widow(er) - $29,200
Tax Rate Changes
In 2024, Missouri adjusted their tax rates for inflation. See the new rates below.
|
If the Missouri taxable income is: |
The tax is: |
|
$0 to $1,273 |
$0 |
|
Over $1,273 but not over $2,546 |
2.00% of excess over $1,273 |
|
Over $2,546 but not over $3,819 |
$25 plus 2.50% of excess over $2,546 |
|
Over $3,819 but not over $5,092 |
$57 plus 3.00% of excess over $3,819 |
|
Over $5,092 but not over $6,365 |
$95 plus 3.50% of excess over $5,092 |
| Over $6,365 but not over $7,638 | $140 plus 4.00% of excess over $6,365 |
| Over $7,638 but not over $8,911 | $191 plus 4.50% of excess over $7,638 |
| Over $8,911 | $248 plus 4.80% of excess over $8,911 |
New Credits
Entertainment Industry Jobs Tax Credit - Starting January 1, 2024, taxpayers may qualify for a tax credit for rehearsal expenses and tour expenses incurred by the taxpayer.
Intern & Apprentice Recruitment Tax Credit - Allows taxpayer’s who hire qualified interns and apprentices to receive a tax credit of $1,500 for each intern or apprentice hired.
Other Changes
Missouri Working Family Credit - For the 2024 tax year, the Missouri Working Family Credit can be claimed for 20% of the federal Earned Income Credit.