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(s)?

6.25% plus the Missouri franchise tax of .0333% of taxable capital in the State.

What is the Missouri personal net income tax rate(s)?

There are also a lot of local income taxes with a average rate of .12%

What is the average Missouri sales tax rate(s)?

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:  $5,450.00
Joint:  $10,900.00

Are there personal exemptions?

Single:  $2,100.00
Dependants:  $1,200.00

What forms do you file for your Missouri taxes?

C corporations:   Form MO1120
S Corporations:  Form MO1120S
Partnerships:  Form MO1040
Individual:  Form MO1040

Estimated tax payments?

Form MO-1040ES. Missouri follows the IRS standards for estimated payments. If you will owe $100.00 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:

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