MO HB1225

Increases the Missouri dependency exemption deduction from $1,200 to $1,500 per dependent for taxable years beginning on or after January 1, 2011.

Maintains the $1,200 per dependent exemption for taxable years between January 1, 1998 and December 31, 2010.

Allows an additional $1,000 deduction for dependents aged 65 or older who reside in the taxpayer's home, the dependent's own home, or in a licensed facility without receiving Medicaid or state funding.

Provides an additional $1,400 deduction for residents qualifying as unmarried head of household or surviving spouse for federal income tax purposes, effective for taxable years beginning on or after January 1, 1999.