07/30/2025
Missouri has eliminated the capital gains tax for individuals, effective January 1, 2025. Governor Mike Kehoe signed House Bill 594 into law on July 10, 2025, which allows individuals to deduct 100% of capital gains reported for federal income tax purposes when calculating their Missouri taxable income. This includes both short-term and long-term capital gains from the sale of assets like stocks, real estate, and cryptocurrency.
It's important to note that while Missouri has eliminated the state capital gains tax for individuals, the federal capital gains tax remains in effect.
For sellers, this is a major boost. You’ll now get to keep everything from your home sale, without losing a penny at the state level. That means more flexibility on pricing, planning, and reinvesting in your next move.
We want to hear from you! What are your thoughts on this new law? 🤔