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SCS/SB 25 - Currently, Missouri residents with dependent children may receive an income tax exemption of $1,200 per child. This act creates an additional $1,300 exemption per dependent child for certain taxpayers. Taxpayers with a filing status other than married filing combined must have a Missouri adjusted gross income of $70,000 or less to qualify. Taxpayers with a filing status of married filing combined must have a combined Missouri adjusted gross income of $140,000 or less to qualify. MIKE HAMMANN
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