A bill that exempted National Guard duty pay from income tax now carries a $1.7 billion price tag for tax rate cuts extending ...

Exempting capital gains would take an extra half-billion dollar bite out of Missouri's budget beyond what lawmakers have been ...

Nuveen Missouri Quality Municipal Income Fund offers tax-exempt income for Missouri residents. Take a look at the NOM CEF and ...

Missouri's top income tax rate has steadily declined from 6% in 2017 to 4.95% in 2023 as part of a similar tax cut plan approved in 2014. The latest measure would also reduce Missouri's corporate ...

Six Republicans in the Missouri Senate want to start the debate over whether to eliminate the state income tax with a move to a 4% flat tax. Among the bills filed in advance of the 2025 ...

Social Security is one of the more important social programs the U.S. offers. Since retirement benefits began in 1940, Social ...

Senate Democratic Leader Doug Beck of Affton asked. The institute's estimate is based on IRS data from 2022 that showed $13.3 billion in long-term capital gains reported on returns from Missouri.

The Missouri House of Representatives recently passed a bill, HB 798, making a variety of changes to Missouri tax law. The bill reduces personal and corporate income tax rates, fully eliminates taxes ...

The program, which began in 2014, assists people to save money without losing eligibility for many public benefit programs ...

But federal tax data from returns filed for 2022 shows individual income tax filers from Missouri reported $13.3 billion in capital gains income. Allowing a deduction of that amount would reduce ...