Progressive 8-Bracket System | 0% - 4.7% | Low Rates
| Income Range | Rate |
|---|---|
| $0 - $1,313 | 0% |
| $1,314 - $2,626 | 2% |
| $2,627 - $3,939 | 2.5% |
| $3,940 - $5,252 | 3% |
| $5,253 - $6,565 | 3.5% |
| $6,566 - $7,878 | 4% |
| $7,879 - $9,191 | 4.5% |
| $9,192+ | 4.7% |
| State | Rate | Tax on $75k |
|---|---|---|
| Missouri | 0% - 4.7% | $3,094 |
| Illinois | 4.95% | $3,713 |
| Iowa | 3.8% | $2,850 |
| Kansas | 3.1% - 5.58% | ~$3,075 |
| Arkansas | 0% - 3.9% | ~$2,475 |
Partially. Missouri taxes Social Security for single filers with AGI over $85,000 ($100,000 married). Below these thresholds, benefits are fully exempt.
Yes, but Missouri offers a pension and Social Security exemption for taxpayers 62+ with income under certain thresholds. Also, public pension income is partially exempt.
MAJOR BENEFIT: Missouri now allows 100% exclusion of federal capital gains from state taxable income. This means you pay 0% MO tax on capital gains!