Missouri Public Pension Exemption
Married couples with Missouri adjusted gross income less than $100,000 and single individuals with Missouri adjusted gross income less than $85,000, may deduct up to 100% of their public retirement benefits, to the extent the amounts are included in their federal adjusted gross income.
A breakdown of the yearly percentage is as follows:
|2012 and forward||100%|
- The total public pension exemption is limited to $36,976 for each spouse.
- Married couples with Missouri adjusted gross income greater than $100,000 and single individuals with Missouri adjusted gross income greater than $85,000, may qualify for a partial exemption.
- There is no age requirement for eligibility.
Visit www.dor.mo.gov for more information regarding eligibility. Or you may contact the Missouri Department of Revenue at (573) 751-3505, email email@example.com or consult a tax professional for more information.
Missouri Income Tax Withholding Information
PSRS/PEERS employees do not offer tax advice. The following information is provided as a reference only. It is recommended that you speak with your tax professional or the Missouri Department of Revenue for tax advice.
- The maximum Missouri tax withholding for any person is 6% of Missouri taxable income.
- To calculate your Missouri tax withholding:
- website calculator: http://dort.mo.gov/tax/calculators/withhold