Tax Changes in Missouri (2019-2020)

Tax Changes in Missouri

We are now in the second year of the Tax Reform law changes, and Missouri has also prepared some tax changes. Starting in 2019, your Missouri tax rate has a 5.4% maximum, and in 2020 it’s going to go down to 5.1% as long as you meet certain criteria. This is good news, considering it used to be 6%. However, depending on your level of income, you may be phased out of some former deductions. President Sandy Furuya breaks this down further in her latest video.