Missouri to Suspend Personal Capital Gains Tax in 2025

According to Foresight News, Missouri has received final approval for a bill that will suspend personal capital gains tax this year. This move positions Missouri to become the first U.S. state to eliminate capital gains tax on profits from the sale of stocks, real estate, and cryptocurrency assets. The suspension of personal capital gains tax means that investors in Missouri will not be required to pay income tax on profits earned from these asset sales. If the state's revenue continues to grow, there is potential for the eventual elimination of corporate capital gains tax as well. Capital gains refer to the profits made from selling assets such as stocks, cryptocurrencies, or real estate. The federal government imposes a long-term capital gains tax on assets held for more than a year, with rates lower than those for ordinary income.