Paying Missouri Taxes in 2024

The Missouri state flag waving along with the national flag of the United States of America. In the background there is a clear sky. Missouri is a state in the Midwestern region of the United States

First, there’s the federal tax—Uncle Sam wants his piece. But for many, the second big hit is the state tax, which, in some instances, can hurt just as badly as the federal tax. But in Missouri, tax time is a little easier.

According to the Tax Foundation, Missouri ranks 12th overall for favorable taxation policies. It held this position for 2024 by lowering income taxes. Missouri also made it easier for retirees.

Missouri Lowers Personal Income Tax Rate

Led by Republican Governor Mike Parson, Missouri passed the largest tax cuts in its history. It reduced the top individual income tax rate from 5.2 to 4.95 percent. This meant that the majority of Missourians will see around a 5 percent decrease in taxes.