State-by-State Guide to Taxes on Retirees - Missouri
Tool | November 2019

State-by-State Guide to Taxes on Retirees

Missouri

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The Bottom Line
Flag of Missouri

Mixed Tax Picture

The Show-Me State no longer taxes Social Security benefits for many taxpayers. Taxpayers may also qualify for exemptions on public and private pensions, subject to income limits. But note that if you do have taxable income, the rate gets high quickly: 6% of income over $9,000. Some seniors may qualify for a property-tax credit.

State Sales Tax

4.225% state levy. Localities can add as much as 5.39%, and the average combined rate is 8.14%, according to the Tax Foundation. Food that qualifies for the federal supplemental nutrition assistance program (SNAP) and is intended for home consumption is taxed at 1.225%; local tax is also due.

Income Tax Range

Low: 1.5% (on taxable of income of $103 or more)

High: 5.9% (on more than $9,253 of taxable income) Kansas City and St. Louis have an earnings tax of 1 percent.Effective tax rate: 4.66% for single filers, 5.53% for joint filers

Social Security

Social Security benefits are not taxed for married couples with a federal adjusted gross income less than $100,000 and single taxpayers with an AGI of less than $85,000. Taxpayers who exceed those income limits may qualify for a partial exemption on their benefits.

Exemptions for Other Retirement Income

Up to $6,000 of federally-taxed income from private retirement plans is exempt for single filers with federal adjusted gross income of $25,000 or less. For joint filers with federal AGI of $32,000 or less, up to $12,000 is exempt.

Up to $37,720 (2018 amount) of federally-taxed income from government retirement plans is exempt for single filers with federal AGI of $85,000 or less and joint filers with federal AGI of $100,000 or less.

Military pensions and Railroad Retirement benefits are fully exempt.

Property Taxes

In Michigan, residents pay an average of $1,729 in taxes per $100,000 of assessed home value.

Tax breaks for seniors: The Missouri Property Tax Credit Claim gives credit to certain senior citizens and disabled individuals for a portion of the real estate taxes or rent they have paid for the year. The credit is for a maximum of $750 for renters and $1,100 for owners who occupied their homes during the period being claimed. The actual credit is based on the amount of real estate taxes or rent paid and total household income.

Vehicle Taxes

State and local sales taxes are due on purchases.

Inheritance and Estate Taxes

None.

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