The Missouri Department of Revenue has made changes to the Missouri Withholding
Tax Formula effective January 1, 2000. These changes include two new filing statuses:
1) Married and spouse works, and 2) Married and spouse does not work. In addition,
there is an increase in the standard deduction for the filing statuses of single and
head of household, and a different method of counting allowances for the head of
household status. The following table is a list of current filing statuses and the
standard deduction for 2000.
Filing Status Standard Deduction Single $4,400.00 Married and spouse works $3,675.00 Married and spouse does not work $7,350.00 Head of Household $6,450.00 For the single, married and spouse works, and married and spouse does not work, the employee is allowed a $1,200.00 deduction for each allowance claimed on the MO W-4. For the head of household status, an employee is allowed $3,500.00 for the first allowance claimed on the MO W-4, no deduction for allowances two through four, and then $1,200.00 per allowance for allowances five and greater. Please note that allowances two through four are not allowed using the withholding tax formula; however, allowances two through four are still used for employers using the withholding tax tables. Please find attached copies of the 2000 Missouri Withholding Tax Formula and MO W-4 for your review. Employees who are married and have Missouri withholding should complete a new MO W-4 to take advantage of the two new filing statuses. The Division of Accounts and Reports, Payroll Services Team will make the necessary updates to the SHaRP payroll system to effect these changes for all employees for whom SHaRP calculates pay. Regent's institutions are responsible for ensuring that these changes are reflected on all paychecks issued through their systems. SAM:JJM:rdb Attachment: 2000 Missouri Withholding Tax Formula (.pdf)
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