Is the pension plan from the University of Missouri taxable in the state of Missouri. Is this a public or private plan. My research shows it is a public plan but I am not able to completely understand the tax consequence.
You'll need to sign in or create an account to connect with an expert.
Yes, the University of Missouri pension is a public pension. The tax consequence is that public pensions qualify for pension exemption on the MO tax return, while private do not. That's why it's important to know. Please look at this chart, what pensions qualify or not.
Yes University of Missouri pension is a public pension. A possibly misleading statement was made about private pensions. Please note that Missouri also gives tax relief for private pensions on Form MO-A Part 3 Section B, but the income limits for the private-pension benefits are not as favorable at those for public. Military (public) pensions get the most favorable treatment on Form MO-A Part 3 section D.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
clai271385
New Member
pookie3
New Member
2024taxreturn--
New Member
78plie
New Member
redcbx78
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.