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Capital Loss Deduction in Missouri 2026

Calculate your capital loss deduction tax savings in Missouri. With Missouri's 4.8% top state tax rate, your combined savings are higher.

Missouri Tax Overview

State Income Tax
4.8%
progressive
Sales Tax
4.225%
avg combined: 8.29%
Property Tax Rate
0.91%
Median Income
$60,374

Top rate 4.8%. Federal income tax deduction allowed. Uses federal standard deduction.

Missouri Income Tax Brackets (Single)

0%
$0 - $1,207
2%
$1,207 - $2,414
2.5%
$2,414 - $3,621
3%
$3,621 - $4,828
3.5%
$4,828 - $6,035
4%
$6,035 - $7,242
4.5%
$7,242 - $8,449
4.8%
$8,449 +
Your bracket
$804
Est. Total Savings
$3,000
Max Deduction
Above-the-Line
Deduction Type
26.8%
Combined Tax Rate

Capital Loss Deduction Savings Calculator for Missouri

$
$

Federal Savings

$660

22% bracket

Missouri State

$144

4.8% rate

Total Savings

$804

26.8% combined

At a 26.8% combined tax rate in Missouri, every $1,000 in deductions saves you $268 in taxes.

Savings by Tax Bracket in Missouri

10%
$740
12%
$840
22%
$1,340
24%
$1,440
32%
$1,840
35%
$1,990
37%
$2,090

Includes 4.8% Missouri state tax on top of federal savings.

Eligibility Requirements

Investors with net capital losses

  • 1$3,000 max per year
  • 2Excess carries forward
  • 3Short-term first

Missouri residents should verify that this deduction is also recognized on their state tax return for additional savings of up to 4.8%.

Common Mistakes to Avoid

  • !Not tracking carryforward
  • !Wash sale violations
  • !Forgetting to claim the deduction on your Missouri state return (missing up to 4.8% additional savings)

Missouri Filing Tips

Use Missouri's federal income tax deduction. Federal standard deduction applies. Social Security exempt if AGI below $100K (married). Property tax credit for seniors.

Required Tax Forms

Schedule DForm 8949

File these forms with your federal tax return to claim the capital loss deduction. Missouri may require additional state-specific forms.

Other Tax Deductions in Missouri

Tax-Loss Harvesting

Investment

~$6,091
est. savings

Investment Interest Expense

Investment

~$1,827
est. savings

Qualified Dividend Tax Rate

Investment

~$3,655
est. savings

Opportunity Zone Investment

Investment

~$12,182
est. savings

1031 Like-Kind Exchange

Investment

~$36,545
est. savings

QSBS Exclusion (Section 1202)

Investment

~$121,818
est. savings

Installment Sale

Investment

~$9,745
est. savings

NIIT Planning (3.8% Surtax)

Investment

~$6,091
est. savings

Capital Loss Deduction in Neighboring States

Iowa

3.8% top rate (flat)

~$774
-30 vs Missouri

Illinois

4.95% top rate (flat)

~$808
+4 vs Missouri

Kentucky

4% top rate (flat)

~$780
-24 vs Missouri

Tennessee

No state income tax

~$660
-144 vs Missouri

Arkansas

4.7% top rate (progressive)

~$801
-3 vs Missouri

Oklahoma

4.75% top rate (progressive)

~$803
-1 vs Missouri

Kansas

5.7% top rate (progressive)

~$831
+27 vs Missouri

Nebraska

5.84% top rate (progressive)

~$835
+31 vs Missouri

Tax Calculators for Missouri Cities

Kansas CitySt. LouisSpringfieldColumbiaIndependenceLee's SummitLee's SummitOFallonSt. JosephSt. Charles

Calculate Your Full Tax Savings in Missouri

Use our free tax calculators to optimize your entire tax return for Missouri.

Income Tax CalculatorMissouri Income TaxFull Capital Loss Deduction Guide

Frequently Asked Questions

How much can I save with the Capital Loss Deduction in Missouri?

In Missouri, the capital loss deduction can save you an estimated $804 per year on a $5,000 deduction. This includes $660 in federal tax savings and $144 in Missouri state tax savings at the 4.8% marginal rate. The national average savings is $660/year.

What is the Missouri state income tax rate?

Missouri has a progressive income tax system with a top rate of 4.8%. Top rate 4.8%. Federal income tax deduction allowed. Uses federal standard deduction.

Who qualifies for the Capital Loss Deduction in Missouri?

Investors with net capital losses. The eligibility requirements are the same whether you live in Missouri or another state, as this is a federal tax deduction. However, your total savings will vary based on Missouri's 4.8% top state tax rate.

What tax forms do I need to claim the Capital Loss Deduction in Missouri?

To claim the capital loss deduction, you need to file Schedule D and Form 8949 with your federal return. Missouri residents should also check if the state allows this deduction on their state return for additional savings of up to 4.8%. Filing status affects your deduction limits and tax bracket.

Is the Capital Loss Deduction better in Missouri than in states without income tax?

Yes, Missouri residents benefit more because the state's 4.8% top income tax rate means the deduction reduces both your federal AND state tax liability. In states with no income tax (like Texas, Florida, or Nevada), this deduction only reduces federal taxes. Your combined rate of 26.8% means more savings per dollar deducted.

What is the standard deduction in Missouri for 2026?

Missouri's standard deduction is $14,600 for single filers and $29,200 for married filing jointly. Use Missouri's federal income tax deduction. Federal standard deduction applies. Social Security exempt if AGI below $100K (married). Property tax credit for seniors.

Related Calculators

Tax-Loss Harvesting in Missouri

Avg savings: $5,000/year

Investment Interest Expense in Missouri

Avg savings: $1,500/year

Qualified Dividend Tax Rate in Missouri

Avg savings: $3,000/year

Opportunity Zone Investment in Missouri

Avg savings: $10,000/year

1031 Like-Kind Exchange in Missouri

Avg savings: $30,000/year

QSBS Exclusion (Section 1202) in Missouri

Avg savings: $100,000/year