The public pension exemption is calculated on Missouri Form MO-A, Part 3 (Section A). It applies to eligible federal, state, and local government pensions, including but not limited to military and Missouri state employee retirement benefits. Eligible taxpayers may subtract public retirement benefits up to the maximum Social Security benefit amount, subject to coordination with any Social Security deduction claimed

The private pension exemption is calculated on Missouri Form MO-A, Part 3 (Section B). It applies to eligible retirement income from private pensions, annuities, IRAs, and 401(k) plans funded by private sources. The maximum exemption is $6,000 per taxpayer, subject to Missouri adjusted gross income limitations, and taxpayers whose income exceeds the applicable limit may qualify for a partial exemption

The program will calculate this deduction if you qualify.

To enter or review this information in TaxAct:

TaxAct Online

1. From within the TaxAct return, navigate to the State tab from the side menu.
2. Click Missouri under the State tab to access the Missouri Quick Q&A Topics screen.
3. Click Exemptions, Deductions, and Adjustments to Income.
4. Click Private pension exclusion or Public pension exclusion depending on your circumstances.
5. Enter the appropriate information.

Desktop

1. From within the TaxAct return, navigate to the Q&A tab via the menu bar at the top of the program.
2. Click Tools and select Topics Assistant from the dropdown list.
3. Navigate to the Summary portion of the California return and click Review Q&A Topics to access the Missouri Quick Q&A Topics screen.
4. Click Exemptions, Deductions, and Adjustments to Income.
5. Click Private pension exclusion or Public pension exclusion depending on your circumstances.
6. Enter the appropriate information.