Missouri Income Tax Calculator
Understanding Missouri Taxes (2024)
Calculating your Missouri taxes involves understanding the state's multi-bracket progressive tax system, federal obligations, and FICA contributions. This calculator helps you estimate your take-home pay by considering these key components.
Missouri State Income Tax
Missouri has a progressive income tax system with nine tax brackets for 2024, ranging from 0.95% to 8.55% depending on your income.
- Tax Brackets: Missouri has nine tax brackets with rates of 0.95%, 1.9%, 2.85%, 3.8%, 4.75%, 5.7%, 6.65%, 7.6%, and 8.55%.
- Taxable Income: Missouri's starting point is your federal adjusted gross income (AGI) with Missouri-specific adjustments.
- Standard Deduction: Missouri follows the federal standard deduction amounts: $14,100 for Single and Married Filing Separately, $28,200 for Married Filing Jointly, $21,150 for Head of Household (2024).
- Federal Income Tax Deduction: Missouri allows taxpayers to deduct their federal income tax payments, up to $5,000 for single filers and $10,000 for married filing jointly.
- Tax Credits: Missouri offers various tax credits including the property tax credit and the Missouri working family tax credit, which this calculator does not account for.
Kansas City and St. Louis Taxes
Some cities in Missouri, including Kansas City and St. Louis, impose their own earnings taxes (typically 1% of earnings for residents and people who work in these cities). This calculator does not account for these local taxes.
Federal Income Tax
Federal income tax is based on federal tax brackets, your filing status, deductions (standard or itemized), and allowances claimed on your W-4. Pre-tax deductions like 401(k) or HSA contributions reduce your federal taxable income.
FICA Taxes (Social Security & Medicare)
FICA taxes fund Social Security and Medicare. These are typically withheld by employers.
- Social Security: 6.2% on income up to the annual limit ($168,600 for 2024).
- Medicare: 1.45% on all income. An additional 0.9% Medicare tax applies to income above certain thresholds ($200,000 for Single, $250,000 for MFJ).
Other Missouri Taxes (Not Calculated Here)
While this calculator focuses on income taxes, be aware of other taxes in Missouri:
- Sales Tax: Missouri has a state sales tax of 4.225%, with additional local sales taxes that can push the total rate to over 10% in some areas.
- Property Tax: Property taxes in Missouri are administered at the local level and vary by county and municipality.
- No Estate/Inheritance Tax: Missouri does not have estate or inheritance taxes.
Disclaimer: This information is for general guidance for the 2024 tax year and is not tax advice. Consult a tax professional for personalized advice.