Missouri Tax Calculator

How to Use the Missouri Tax Calculator

This guide will walk you through the steps necessary to utilize the Missouri Tax Calculator effectively. The calculator will help you estimate your state tax due in Missouri. Please ensure that you have all the required information at hand before you begin.

Step 1: Input Your Annual Income

Start by entering your annual income in the Annual Income ($) field. This is a required field and must be a non-negative number. It should represent the total amount you expect to earn in the year before deductions.

Step 2: Select Your Filing Status

Select your filing status from the Filing Status dropdown menu. This is required and impacts the standard deduction applied to your income. The available options are:

• Single
• Married Filing Jointly
• Head of Household

Step 3: Enter the Number of Dependents

Enter the number of dependents you claim in the Number of Dependents field. This is required and should be a non-negative integer. The calculator uses this number to compute your dependent credit.

Step 4: Input Federal Tax Withheld

Provide the amount of federal tax already withheld from your income in the Federal Tax Already Withheld ($) field. Ensure this is a non-negative number, as it affects your tax calculations.

Step 5: Enter Missouri State Tax Withheld

Enter the amount of Missouri state tax already withheld from your income in the Missouri State Tax Already Withheld ($) field. This is a required field and affects the final state tax calculations.

Calculating the Results

Once you have entered all the required information, the calculator will automatically compute various results based on the inputs:

• Standard Deduction: Based on your filing status, this amount is deducted from your annual income.
• Taxable Income: Calculated as your annual income minus the standard deduction.
• Missouri State Tax: Computed using the applicable tax rates on your taxable income.
• Dependent Credit: Calculated by multiplying the number of dependents by a fixed credit amount.
• Final State Tax Due: Determined after accounting for withholdings and credits.
• State Tax Refund: If withholdings and credits exceed the tax liability, this amount represents the refund due.
• Effective State Tax Rate: Indicates the percentage of your annual income that goes towards Missouri state taxes.

The results are displayed in currency format where applicable, ensuring clarity in understanding the figures involved in your tax obligations.