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MO State Tax Part-Year Resident Income Adjustment
I moved from TX to MO in 2023. MO allows two different methodologies for determining taxes owed as a Part-Year resident. You may either take the Missouri resident credit (MO-CR), which provides a credit for the taxes paid to another state – This option is available while filing through TurboTax but is not a good option for me since TX does not collect state income tax. There is another, more preferential option for me, which is completing the Missouri income percentage (MO-NRI) that helps determine the percentage of income earned in MO. This functionality does not appear to be available in TurboTax and needs to be added.
February 13, 2024
7:45 PM