Earned income credit in Missouri
Varies
Does Missouri Have an Earned Income Tax Credit?
Short answer: Yes: Missouri offers the Missouri Working Family Tax Credit, 20% of the federal EITC (nonrefundable). Nonrefundable, with no carryforward. Residents only; married filing separately is not allowed. Calculated under federal EITC law as of Jan 1, 2021. A bill to make it refundable from 2027 was introduced; not enacted as of this writing.
Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Records to keep: Keep your state return, W-2s and 1099s (1099-R, SSA-1099), and any state credit worksheets. Check your state revenue department's current-year instructions before you file.
Earned income credit in Missouri
Varies
Individuals / Personal Taxes
Yes: Missouri offers the Missouri Working Family Tax Credit, 20% of the federal EITC (nonrefundable). Nonrefundable, with no carryforward. Residents only; married filing separately is not allowed. Calculated under federal EITC law as of Jan 1, 2021. A bill to make it refundable from 2027 was introduced; not enacted as of this writing.
Business justification
Yes: Missouri offers the Missouri Working Family Tax Credit, 20% of the federal EITC (nonrefundable). Nonrefundable, with no carryforward. Residents only; married filing separately is not allowed. Calculated under federal EITC law as of Jan 1, 2021. A bill to make it refundable from 2027 was introduced; not enacted as of this writing. Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Category
- Personal Tax Deductions