Joint and single filers pay the same rates. The rates range from 0% up to 5.3% for the 2022 tax year. Missouri’s personal income tax is structured in a similar manner to the federal income tax, with marginal rates based on each taxpayer’s level of income. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. average.Ī financial advisor can help you understand how taxes fit into your overall financial goals. Local governments also collect property taxes in Missouri, with an average effective rate of 0.88%, which is below the U.S. The state’s sales tax system consists of a statewide rate of 4.225% and additional local rates up to 7.763%. Louis must also pay a 1% earnings tax, which will keep their tax bills somewhat higher than average. Residents of and people who work in Kansas City or St. The income tax rates for the 2022 tax year (which you file in 2023) range from 0% to 5.3%. Starting with tax year 2014, the top tax rate started falling from 6% to 5.4% over the course of five years. In 2014, the Missouri legislature voted to cut income taxes in the state for the first time in almost 100 years. Gas tax: 22.00 cents per gallon of regular gasoline and diesel.Property tax: 0.88% average effective rate.
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