Credit institution tax return - Missouri Department of Revenue 2025

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Refunds will be issued within five working days, unless the claim is selected for further checking.
E-filers Within 5 business days of filing. Paper filers Within 3-4 weeks of mailing in your return.
Chapter 148 of state law authorizes each tax, and each tax rate is 4.48 percent of net income as of 2020. All prior years are at a 7 percent tax rate. Banks and trust companies are also subject to a tax on assets computed the same, but instead of, the corporate franchise tax (Section 147.010).
Understanding Your Notice You received this notice for one of the following reasons: The Internal Revenue Service (IRS) provided information to the Department indicating your federal return was filed with a Missouri address and a Missouri return was not filed.
IRS Tax Refund Deposit Schedule The IRS processes tax refunds on weekdays, specifically Monday through Friday. Refunds are typically issued within 21 days after the IRS accepts your tax return. However, several factors can influence this timeline.

People also ask

How do I file for the credit? If you are required to file a Missouri Individual Income Tax Return, you must use Form MO-1040 with a Property Tax Schedule (MO-PTS) attached. If you are not required to file a Missouri Individual Income Tax Return, then you may file the Missouri Property Tax Credit Claim (MO-PTC).
You can track your refund at the Missouri Return/Refund Tracker page. The state will ask you to enter the exact amount of your expected refund in whole dollars. You can find this by signing in to TurboTax. If youre using the mobile app, you may need to scroll down to find your refund amount.

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