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Tax Relief in Missouri

Missouri residents typically have a lower tax burden when compared with other states in the nation. With respect to individual income tax, for instance, Missouri's top tax rate of 6% ranks 20th highest among all states that levy an individual income tax. Similarly, the state average of $806 collected per person for state and local income taxes is 22nd lowest nationwide. Property taxes in Missouri are approximately $979 per person, 16th lowest in America.

Even when looking at federal taxes collected, Missouri residents pay considerably less than the national average: $9,277, compared to $11,715.

However, despite its relatively low tax rates, Missouri has experienced a significant decline of 17.5% in the median household income, dropping to an average of $50,311. This mirrors the struggles of every state in the nation, and has led Missourians to consider tax relief as a solution to their mounting financial pressures, which include the burden of tax debt. This tax debt can mount as people find themselves with just enough money in each paycheck to meet the most urgent needs, like buying groceries, going to the doctor, putting gas in the car, or paying the mortgage. There is often very little left over at the end of the month to save up for the April 15th bill due to local, state, and federal governments. For that reason, many Missourians need help managing their tax debt.

Tax relief companies work with clients' outstanding tax debts and help devise a solution to their serious tax problems. These problems often include the stress of federal and state tax collection agencies' involvement as well as wage garnishment. Experts in tax relief have a wide range of strategies available to help clients, such as tax levy and lien investigation, negotiating penalty abatement, and reducing their overall tax liability.

 

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Tax Relief In The News

Scott Walker seeks more tax relief for seniors, parents in upcoming state budget

Scott Walker seeks more tax relief for seniors, parents in upcoming state budget Scott Walker is seeking to provide more tax relief for seniors and parents paying for child care over the next two year...

Published:  Mon, 17 Sep 2018 10:16:00 GMT



IRS Announces Tax Relief For Taxpayers Affected By Hurricane Florence

Carolinas' Coast Line Recovers From Hurricane Florence, As Storm Continues To Pour Heavy Rain On The States2018 Getty Images The Internal Revenue Service (IRS) has announced tax relief for victims of ...

Published:  Sat, 15 Sep 2018 11:42:00 GMT



Getting property tax relief

As we move forward to the general election, we must remember that state leaders can provide municipal property tax relief through their work on the next state biennium budget and I am asking that they ...

Published:  Mon, 17 Sep 2018 21:14:00 GMT



IRS announces tax relief for Florence victims

The IRS said Saturday that those caught in Hurricane Florence will get extended time for the next quarterly estimated income tax filing deadline Monday, as well as payroll tax returns due at the end o...

Published:  Sat, 15 Sep 2018 18:12:00 GMT



City Council unanimously approves tax relief for Gold Star families

NORWICH - The City Council voted unanimously Monday to provide tax relief to military families who have lost a son, daughter or spouse in combat. The ordinance will allow qualified "Gold Star" familie...

Published:  Mon, 17 Sep 2018 18:36:00 GMT



ERDMAN: Nebraska needs property tax relief

Nebraskans desperately need property tax relief. Over the past ten years property valuations on agricultural land have increased 252 percent statewide and taxes have increased 162 percent. Meanwhile, ...

Published:  Sat, 15 Sep 2018 23:00:00 GMT



The Rundown: Property tax relief for veterans organizations sought

A bill that would benefit veterans organizations was introduced Wednesday and moved quickly to the Senate Finance Committee on the same day. Senate Bill 1229 would give a tax exemption from all county ...

Published:  Sun, 16 Sep 2018 13:51:00 GMT




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