EARNED INCOME TAX CREDIT (EITC)

Rate: 10% of the federal credit; will raise to 20% if state revenues increase to $150 million.

Eligibility Requirements: All Missouri taxpayers who qualify for the federal credit are automatically eligible.

Latest Legislative Action: In the 2021 legislative session, lawmakers passed a bill to enact a state EITC, also known as the Missouri Working Families Tax Credit. 

• Lawmakers in the state House and Senate considered bills to create a state EITC worth 20% of the federal credit during the 2017 session.

• During the 2016 legislative session, lawmakers considered HB 2154, a bill that would establish a state EITC at 5% of the federal credit.

CHILD TAX CREDIT (CTC)

Missouri does not currently offer a state-level CTC.

Latest Legislative Action:  In 2014, SB 513 was introduced with bipartisan support to create a child tax credit of $400 for individuals with adjusted gross income of up to $46,100 and married couples with up to $92,200. However, the measure was not signed into law.

CHILD AND DEPENDENT CARE TAX CREDIT (CDCTC)

Missouri does not currently offer a state-level CDCTC.