For fourth year, Missouri to cut income tax rate in 2025

JEFFERSON CITY, Missouri: Missouri residents are set to benefit from another income tax cut in 2025, marking the fourth consecutive year of reductions.

Governor Mike Parson's administration announced that the top income tax rate will decrease from 4.8 percent to 4.7 percent starting January 1, 2025. This ongoing reduction is part of a state law passed in 2022 that established revenue benchmarks to trigger tax c