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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

If you use Northwest Registered Agent as your Missouri registered agent, you’ll have an online account to track your company in, receive notification reminders to file your annual reports on time, annual tax reminders, and new State information reminders. All for a low annual flat rate fee of $125 a year. We also help incorporate new Missouri businesses for only $100.

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