Contributions to a Missouri MOST 529 college savings plan may be eligible for a subtraction from income on their Missouri individual tax return.
Contributions of up to $8,000 per year are eligible for a Missouri state income tax deduction for those filing a single return; and up to $16,000 per year for those filing a joint return.
To enter the deductible portion of the contributions that were made in the Missouri individual income tax return in TaxSlayer Pro, from the Missouri Tax Return Menu select:
- MO Adjusted Gross Income
- Subtractions from income
- Contributions to 529 Plan
Additional Information: