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Capital Loss Deduction in St. Louis, MO 2026

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

Missouri Tax Context

State Income Tax
4.8%
Local Income Tax
1%
Property Tax Rate
0.96%
Tax Burden
Moderate

St. Louis earnings tax of 1%; independent city; high combined sales tax

$834
Est. Total Savings
$3,000
Max Deduction
Above-the-Line
Deduction Type
27.8%
Combined Tax Rate

Capital Loss Deduction Savings Calculator for St. Louis

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Federal Savings

$660

22% bracket

Missouri State

$144

4.8% rate

Local Tax

$30

1% rate

Total Savings

$834

27.8% combined

At a 27.8% combined tax rate in St. Louis, every $1,000 in deductions saves you $278 in taxes.

Savings by Tax Bracket in St. Louis

10%
$790
12%
$890
22%
$1,390
24%
$1,490
32%
$1,890
35%
$2,040
37%
$2,140

Includes 4.8% Missouri state tax + 1% local 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 4.8% additional savings)
  • !Not checking if St. Louis's local income tax allows this deduction (1% potential additional savings)

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 St. Louis, MO

Tax-Loss Harvesting

Investment

~$6,318
est. savings

Investment Interest Expense

Investment

~$1,895
est. savings

Qualified Dividend Tax Rate

Investment

~$3,791
est. savings

Opportunity Zone Investment

Investment

~$12,636
est. savings

1031 Like-Kind Exchange

Investment

~$37,909
est. savings

QSBS Exclusion (Section 1202)

Investment

~$126,364
est. savings

Installment Sale

Investment

~$10,109
est. savings

NIIT Planning (3.8% Surtax)

Investment

~$6,318
est. savings

Capital Loss Deduction in Other Missouri Cities

Kansas City, MO

4.8% state + 1% local

~$834

Springfield, MO

4.8% state tax

~$804
-30 vs St. Louis

Columbia, MO

4.8% state tax

~$804
-30 vs St. Louis

Independence, MO

4.8% state tax

~$804
-30 vs St. Louis

Lee's Summit, MO

4.8% state tax

~$804
-30 vs St. Louis

Lee's Summit, MO

4.95% state + 1.35% local

~$849
+15 vs St. Louis

OFallon, MO

4.95% state + 1.24% local

~$846
+12 vs St. Louis

St. Joseph, MO

4.95% state + 1.35% local

~$849
+15 vs St. Louis

Calculate Your Full Tax Savings in St. Louis

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

Income Tax CalculatorTaxes in St. LouisFull Capital Loss Deduction Guide

Frequently Asked Questions

How much can I save with the Capital Loss Deduction in St. Louis, MO?

In St. Louis, Missouri, the capital loss deduction can save you an estimated $834 per year. This includes $660 in federal tax savings and $144 in Missouri state tax savings plus $30 in local tax savings. The national average savings is $660/year.

What is the Missouri state income tax rate for St. Louis residents?

Missouri has a 4.8% state income tax rate. St. Louis residents also pay a 1% local income tax, bringing the combined state/local rate to 5.8%. St. Louis earnings tax of 1%; independent city; high combined sales tax

Who qualifies for the Capital Loss Deduction in St. Louis?

Investors with net capital losses. The eligibility requirements are the same whether you live in St. Louis or elsewhere in the U.S., as this is a federal tax deduction. However, your savings amount will vary based on Missouri's 4.8% 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, which could provide an additional 4.8% savings. Filing status affects your deduction limits and tax bracket.

Is the Capital Loss Deduction better in St. Louis than in states without income tax?

Yes, St. Louis residents benefit more because Missouri's 4.8% state income tax 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 27.8% means more savings per dollar deducted.

Related Calculators

Tax-Loss Harvesting in St. Louis

Avg savings: $5,000/year

Investment Interest Expense in St. Louis

Avg savings: $1,500/year

Qualified Dividend Tax Rate in St. Louis

Avg savings: $3,000/year

Opportunity Zone Investment in St. Louis

Avg savings: $10,000/year

1031 Like-Kind Exchange in St. Louis

Avg savings: $30,000/year

QSBS Exclusion (Section 1202) in St. Louis

Avg savings: $100,000/year