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Level 1
posted Dec 15, 2023 4:10:25 AM

Missouri Tax Table incorrect in 2023 Desktop as of 12/15/2023

As of the time of this posting, the MO state tax calculation (desktop version) is still using the 2022 tax table to calculate income tax. 

 

The old table has a 5.3% top rate and the new table 4.95%.  I realize that there are a lot of things to be updated every year, but that's a pretty darn important one to get right!  Please update promptly!

 

2022:

If the Missouri taxable income is: The tax is:
$0 to $111. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0
At least $112 but not over $1,121. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.5% of the Missouri taxable income
Over $1,121 but not over $2,242 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $17 plus 2.0% of excess over $1,121
Over $2,242 but not over $3,363 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $39 plus 2.5% of excess over $2,242
Over $3,363 but not over $4,484 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $67 plus 3.0% of excess over $3,363
Over $4,484 but not over $5,605 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $101 plus 3.5% of excess over $4,484
Over $5,605 but not over $6,726 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $140 plus 4.0% of excess over $5,605
Over $6,726 but not over $7,847 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $185 plus 4.5% of excess over $6,726
Over $7,847 but not over $8,968 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $235 plus 5.0% of excess over $7,847
Over $8,968 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $291 plus 5.3% of excess over $8,968

 

2023:

 

If the Missouri taxable income is...
The tax is...
$0 to $1,207$0
Over $1,207 but not over $2,4142.00% of excess over $1,207
Over $2,414 but not over $3,621$24 plus 2.50% of excess over $2,414
Over $3,621 but not over $4,828$54 plus 3.00% of excess over $3,621
Over $4,828 but not over $6,035$90 plus 3.50% of excess over $4,828
Over $6,035 but not over $7,242$132 plus 4.00% of excess over $6,035
Over $7,242 but not over $8,449$180 plus 4.50% of excess over $7,242
Over $8,449$234 plus 4.95% of excess over $8,449
 

0 1 389
1 Replies
Level 15
Dec 15, 2023 4:51:43 AM

@bullfrog23414 

 

Yep, the final MO forms, and proper calculations,  are not expected to be ready until after 18 January  (according to the TTX state forms webtool   Intuit App       ).

 

Thus, the MO forms are not useful, until after that date....assuming they don't change the MO ready date between now and then.

 

One year, my NC forms were allowed to download early, but were the prior year forms...BUT, some of the line numbers had changed...and the $$$ results were all screwy until the final formset was ready and installed.

_____

TTX is unlikely consider those MO calculations to be a bug until after the final MO forms are issued in mid January....so you should probably ignore everything in the MO section until late January, and run thru the entire Q&A again at that time.