Missouri HB2924 allows an income tax deduction for tipped income starting in 2026.
Missouri HB2924 introduces an income tax deduction for tipped income, effective for tax years beginning on or after January 1, 2026. The deduction applies to the first $25,000 of tipped income received by individuals in occupations that customarily receive tips. The Department of Revenue will publish a list of such occupations. Tipped income is defined as any cash gratuity received by an individual in the course of their employment.
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