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Springfield Missouri Form 1040-V IRS Online: What You Should Know

More than a third of Missouri residents are not paying enough taxes — especially if you make more than 60,000 a year. According to a recent poll by the Missouri Policy Institute, 46 percent of those respondents say they don't owe any federal income tax. “Missouri is a state that is struggling with both income inequality and tax equity,” said Patrick Cannon, executive director of the Missouri Policy Institute. People need to have tax forms in hand when they file their taxes, so they can accurately claim their earnings. The Missouri Income Tax Fairness Act of 2024 — This legislation is the next major opportunity for Missouri to update its income tax systems, which, at least for now, fall short of federal rules and regulations.

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