Missouri Working Family Tax Credit FAQs
Beginning in 2023, the Missouri Working Family Tax Credit is a credit equal to a certain percentage of your federal earned income credit. To calculate the credit, complete Form MO-WFTC and attach it to your Missouri Individual Income Tax Return Form MO-1040 along with a copy of your federal return.
- You are allowed a federal earned income credit on your federal return for the same tax year.
- You claim a filing status of single, head of household, qualifying widow(er), or married filing combined.
- You have a tax liability after the application of a miscellaneous tax credit or a Property Tax Credit.
- You do not have investment income equal to or greater than the amount below for the corresponding tax year.
| Tax year | Investment income amount |
|---|---|
| 2023 | $4,050 |
| 2024 | $4,300 |
The Missouri Working Family Tax credit is calculated using Form MO-WFTC. Attach Form MO-WFTC to your Missouri Individual Income Tax Return Form MO-1040 along with a copy of your federal return. If your federal return is not attached, the credit will be disallowed.
No. The credit is nonrefundable and cannot be carried forward to a subsequent tax year.
The qualifying child’s name, social security number, and birthdate.
- 10% for tax year 2023
- 20% for tax year 2024
The Department of Revenue does not accept physical gold, silver, or privately minted precious metal coins for payment. An exception is for coins officially minted as currency by the U.S. federal government. Pursuant to Missouri statute (Section 408.010.2, RSMo), if you attempt to pay with an electronic representation of gold or silver through a custody agent or other entity, the attempted payment must be converted to U.S. dollars by the custody agent or other entity that received the payment request before being sent to the Department.
If you still have questions, please check out other Individual Income Tax FAQs.