Mortgage Interest Deduction in Missouri
State income tax rate
4.7%
Itemized deductions allowed
✅ Yes
State-Level Mortgage Interest Deduction
Missouri has a top rate of 4.7% and conforms to federal itemized deductions. Mortgage interest deduction applies to state returns.
Combined Federal + Missouri Savings
If you paid $18,000 in mortgage interest last year and itemize on both returns, your combined tax savings would be approximately:
- Federal (22% bracket): $3,960
- Missouri (4.7% rate): $846
- Total estimated savings: $4,806
These are estimates based on a 22% federal bracket. Your actual savings depend on your specific tax situation.