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A new report found many families earn too little to qualify for the $2,000 federal benefit, which is tied to a family’s earnings and income taxes. Nearly a quarter of the Missouri children who fall into the gap are Black — higher than the state's overall population of Black kids.
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After evacuating New Orleans because of Hurricane Katrina, Jamie Johnson rebuilt her life in Missouri. Now she wants to do "the most good that I can."
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The governor called lawmakers back into a special session to pass legislation that cuts Missouri's income tax from 5.4% to 4.95%. It would bring the rate down even more if certain general revenue targets are met.
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The session, called by Missouri Gov. Mike Parson, is supposed to center around a permanent income tax cut as well as tax credits for agriculture. However, some lawmakers are filing unrelated bills in hopes of passing them this time around.
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Parson’s proposal would lower the state’s top income tax rate from 5.3% to 4.8% and eliminate the bottom income tax bracket. Some Democratic lawmakers and advocates have expressed concern an income tax cut is poorly-timed.
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According to the state’s Department of Revenue, of the roughly 3.2 million Missourians who filed state income taxes, only around 1.4 million of them would receive their full tax credit amount.
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Missouri's senior senator and the representative from Kansas' 3rd congressional district talk infrastructure and the child tax credit, and we meet the principal of one of the few Black-owned architecture firms in the nation.
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Rep. Sharice Davids of Kansas says the increased credit could benefit close to 151,000 children in her district alone.
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The COVID-19 pandemic is introducing new challenges to the American tradition of going away for college, how an extended tax filing deadline is affecting tax payers and professionals, and a former 41 Action News reporter describes what led her to sue the media outlet.
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Kansas City has long been a prime example of state tax incentives gone awry — the question now is if Kansas and Missouri can change the dynamic with a new…
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Segment 1: The voter ID laws enacted in 35 states are inefficient and have little to no impact. Requiring voters to provide identification to cast their…
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Missouri Department of Revenue officials may have violated the law when they adjusted the state’s income tax withholding tables once again earlier this…