Missouri to cut income tax rate for the fourth straight year

JEFFERSON CITY, Mo. (AP) – Missouri residents will get another tax cut in 2025, marking the fourth straight year of reductions. Gov. Mike Parson’s administration said Tuesday that the top income tax rate will decline from 4.8% to 4.7% effective Jan. 1. The reduction is a result of a 2022 state law that set a series of revenue benchmarks capable of triggering tax cuts in future years.

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