Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

For MO state should the $4200 and 1200 exemptions be elminated?

reycainc
Level 1
 
Labels (1)
0 Cheers
1 Solution

Accepted Solutions
itonewbie
Level 15

Yes, it's been temporarily eliminated while personal exemption for federal tax is $0.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

0 Cheers
2 Replies 2
itonewbie
Level 15

Yes, it's been temporarily eliminated while personal exemption for federal tax is $0.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

0 Cheers
itonewbie
Level 15
In response to your follow-up question as to the accuracy of this, the change was approved as part of H.B. 2540 and you can see this being reflected in §143.151 and §143.161 of the MO statutes. I believe these are in the 2018 form instructions as well.
---------------------------------------------------------------------------------
Still an AllStar
0 Cheers