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Get Mo 5802 2022-2025

This form is used to calculate the federal tax deduction for Form MO-1041 and MO-NRF. Federal Income Tax PART 1 - Complete this section if you are a resident estate or trust filing only the Form MO-1041. 1. Federal taxable income, MO-1041, Line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . 00 2. Share of Missouri Subtraction, MO-1041, Line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 .

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The State of Missouri allows a deduction on your individual income tax return for the amount of federal tax you paid. The deduction is for the amount actually paid as indicated on your Federal Form and NOT the amount withheld by your employer that is listed on your Form W-2.

Missouri Standard Deduction Below are the standard deduction amounts that changed for the 2023 tax year: Single - $13,850. Married Filing Combined - $27,700.

Since Missouri is not a state that imposes an inheritance tax, the inheritance tax in 2024 is 0% (zero). As a result, you won't owe Missouri inheritance taxes.

Missouri has a progressive income tax rate that ranges from 0% to 4.95%.

Your Income Taxes Breakdown TaxMarginal Tax RateEffective Tax RateFederal22.00%11.75%FICA7.65%7.65%State4.95%3.47%Local0.00%0.00%4 more rows

Income from a trust is taxed just like capital gains: in both short-term and long-term fashion, with more favorable rates for the latter. There are a number of different tax deductions a trust may be eligible for. Planning out the tax situation for your trust can pay major dividends down the road.

The income of an estate or trust is taxed to the fiduciary or beneficiary. The tax is paid by the fiduciary responsible for administering the estate or trust, except that beneficiaries pay the tax on distributions of estate or trust income received during the taxable year.

Missouri does not require estimated tax payments for estates or trusts.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232