Bill > HB2924

This bill authorizes an income tax deduction for tipped income, meaning individuals who receive tips as part of their job can deduct the first $25,000 of that income from their state taxes, starting in tax years beginning on or after January 1, 2026. "Tipped income" is defined as any cash gratuity received by an individual in an occupation that customarily receives tips, and the Department of Revenue will publish a list of these eligible occupations. This provision is added to existing Missouri tax law, which outlines various modifications to federal adjusted gross income for state tax purposes.

https://house.mo.gov/Bill.aspx?bill=HB2924&year=2026&code=R