Missouri Department Of Revenue, Missouri Tax
Missouri Business Corporate Tax, Missouri Personal Income Tax, Missouri Sales Tax Rates
What is the Missouri corporate net income tax rate?
6.25% plus the Missouri franchise tax of .0333% of taxable capital in the State.
What are the Missouri personal net income tax rates?
| 0-1,000 | 1.5% |
| 1,000-2,000 | 2% |
| 2,000-3,000 | 2.5% |
| 3,000-4,000 | 3% |
| 4,000-5,000 | 3.5% |
| 5,000- 6,000 | 4% |
| 6,000-7,000 | 4.5% |
| 7,000-8,000 | 5% |
| 8,000-9,000 | 5.5% |
| 9,000 + | 6% |
There are also a lot of local income taxes with an average rate of .12%.
What is the average Missouri sales tax rate?
7.18%. The state has a 4.23% tax, but the average local tax is 2.95% making a total of 7.18%
Are there standard deductions?
Single: $5,450
Joint: $10,900
Are there personal exemptions?
Single: $2,100
Dependents: $1,200
What forms do you file for your Missouri taxes?
Missouri C corporations: Form MO1120
S corporations: Form MO1120S
Partnerships: Form MO1040
Individual (Missouri LLC members): Form MO1040
To learn about tax filings for nonprofits, see our Missouri Nonprofit Corporation page.
Estimated tax payments?
Form MO-1040ES. Missouri follows the IRS standards for estimated payments. If you will owe $100 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year.
Missouri Department of Revenue:
| Missouri Department of Revenue Taxation Division 301 West High St. Room 330 Jefferson City , MO 65101 Telephone: 573-751-5860 Fax: 573-522-1722 Website: Missouri Department of Revenue |
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