Missouri tax deductions and write-offs (2026)

No. Missouri fully exempts military retired pay from state income tax (100% since tax year 2022). Other retirement income: Private pensions and 401(k)/IRA withdrawals may be deducted up to $6,000 per person, with the full deduction only if Missouri AGI is under $25,000 single / $32,000 joint, reduced dollar-for-dollar above that.

Partly. Private pensions and 401(k)/IRA withdrawals may be deducted up to $6,000 per person, with the full deduction only if Missouri AGI is under $25,000 single / $32,000 joint, reduced dollar-for-dollar above that.

No. Since tax year 2024, Missouri deducts 100% of federally taxable Social Security for people 62 and older and 100% of Social Security disability benefits, with no income limit. The DOR guidance covers recipients 62+ and SSDI recipients. The deduction is capped at the maximum Social Security benefit ($48,967 for 2026).

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.

Only instead of income tax: itemizers in Missouri pick sales tax (4.225% state rate, about 8.44% with local taxes) or state income tax, whichever is bigger. Groceries are taxed at a reduced 1.225% state rate, but all local sales taxes still apply to food.

Yes on your federal return if you itemize, within the $40,400 SALT cap. Missouri adds its own break: Property Tax Credit (MO-PTC) up to $1,100 for homeowners or $750 for renters, claimed with your state return.

Yes: Missouri offers the Property Tax Credit (Circuit Breaker). Refundable credit for older and disabled renters based on rent paid and household income, up to $1,055 for renters starting in 2026; claimed on Form MO-PTS with Form MO-1040, or on Form MO-PTC if not filing an income tax return. Age 65+, 100% disabled, a 100% service-connected disabled veteran, or a qualifying surviving spouse 60+; household income up to $38,200 single or $41,000 married filing combined for 2026, adjusted for inflation afterward.

Partly: Missouri's county personal property tax is based on your vehicle's value, so it's deductible as personal property tax if you itemize. Counties tax vehicles owned on January 1 at assessed value; the paid receipt is required to renew license plates.

Missouri's top rate is 4.7%, it stopped taxing Social Security in 2024 and capital gains in 2025, and Kansas City and St. Louis add a 1% earnings tax.

Yes on your Missouri return: $8,000 single / $16,000 joint per taxpayer. Contributions to any state's 529 plan count. Tax parity state; rollovers not deductible. A 2026 bill (HB 2116) limiting the deduction to MOST from 2027 stalled in committee.

No: Missouri doesn't offer a state child tax credit. No individual child tax credit or child and dependent care credit. Missouri does have an earned income credit: 20% of the federal EITC.

Yes, as a business expense: Missouri charges $50 online / $105 paper to form an LLC; ongoing: None. No annual report required for LLCs.