1031 Exchange Missouri

Missouri Opportunity Zones

Capital Gains Rates

State Rate 4.80%

Local Rate 0.50%

Deduction None

Combined Rate 29.80%

Additional State Capital Gains Tax Information for Missouri

The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).

Additional State Income Tax Information for Missouri

Missouri allows a deduction for your federal income tax liability from your federal tax return. Any Alternative Minimum Tax (AMT) must be subtracted as well as any the amount of certain refundable credits you received. The amount of the deduction is limited to $5,000 for single filers and $10,000 for married filing jointly. Deduction or exemption tied to federal tax system. Federal deductions and exemptions are indexed for inflation.

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