Missouri taxpayers to pay five percent less in income taxes in 2023

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CAPE GIRARDEAU, Mo. (KBSI) – The calendar officially has struck 2023, which means if you are a Missouri taxpayer, you will pay fewer income taxes in the new year.

According to Gov. Mike Parson’s office, “every taxpaying Missourian will see an income reduction in 2023,” according to a news release.

The tax cut is uniform and across the board for every taxpaying Missourian no matter their background, income or job description, the taxpayer will see a reduction in their income tax liability.

The cut is a direct byproduct of the legislation that was passed three months ago.