HB 239 -- Income Tax Deduction for Social Security and Retirement
Benefits

Sponsor:  Bruns

Beginning January 1, 2007, this bill authorizes an income tax
deduction for any Social Security benefits received, regardless
of age or income.

Currently, a public or private retiree may deduct up to $6,000 of
pension allowances received each year if his or her income is not
in excess of $32,000 for married taxpayers or $25,000 for single
taxpayers.  The bill removes the $6,000 limit allowing the full
amount of retirement benefits to be deducted from state income
tax subject to the income limitations.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:18 am