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At what age do you stop paying personal property taxes in Missouri?

65 years of age or older, or.

What is the tax credit for 2023 in Missouri?

For 2023 (filing taxes by April 2024), the EITC ranges from $2 to $7,430. The Missouri Working Family Credit is 10% of the Federal EITC, or $0 to $743. For example, if your federal EITC is $4,000, your Working Family Credit is $400.

How do historic tax credits work in Missouri?

Provides state tax credits equal to 25% of qualified rehabilitation expenses for approved historic structures. State tax credits can be carried back as far as 3 years, and has a carry forward of 10 years. This tax credit can also be applied to: Chapter 143 Income tax, excluding withholding tax.

What is the historic property tax in Missouri?

The state historic preservation tax credit provides a 25% tax credit for certified historic structures. The state credit is available to both commercial properties and owner-occupied homes.

Can you deduct property taxes in Missouri?

Certain individuals are eligible to claim up to $750 if they pay rent or $1,100 if they pay real estate tax on the home they own and occupy. If you rent from a facility that does not pay property taxes, you are not eligible for a Property Tax Credit.