Missouri Public Pension Exemption

Depending on a variety of factors, you may be able to deduct up to 100% of your public retirement benefits received from PSRS or PEERS on your Missouri income tax return.

The total public pension exemption is limited to the maximum Social Security benefit of each individual.

Starting with the 2024 tax year, the exemption is no longer limited by your filing status or Missouri adjusted gross income. Visit https://dor.mo.gov/faq/taxation/individual/pension-tax-year-2024.html for more information.

This exemption, which first became available in 2007, was phased in over several years, reaching 100% for tax year 2012 and subsequent tax years.

Missouri also offers a similar exemption for private pensions and Social Security benefits; however the qualifications for both of these exemptions vary from the public pension exemption. If you also qualify for a Social Security exemption, it may impact your public pension exemption.

Eligibility is dependent on a variety of factors for any of the exemptions discussed above. Visit http://dor.mo.gov for more information regarding eligibility. Or you may contact the Missouri Department of Revenue at (573) 751-3505, email [email protected] or consult a tax professional for more information.