What does the IRS consider personal property?

Personal property generally refers to valuable items like cars and boats, as opposed to real estate, which is considered real property. States and localities with personal property taxes typically use the money to fund public works, such as schools and roads.

How do I get a personal property tax receipt in Missouri?

Personal property tax receipts are available online or in person at the Collector of Revenue’s Office. An online tax receipt will be accepted at the Missouri Department of Revenue license offices when licensing your vehicle.

How do I check my personal property tax in Missouri?

Contact your County Assessor’s Office. For contact information, see the Missouri State Tax Commission website.

What are considered personal items?

What is considered a “personal item”?

  • Alcoholic beverages.
  • Business license fees.
  • Candy, gums, mints, etc.
  • Cards: greeting, holiday, birthday, thank you, etc.
  • CDs, cassettes, books that are not text books or reference material, etc.
  • Coffee room supplies: coffee, tea, creamer, sugar, etc.

What personal items are tax deductible?

Here are the top personal deductions for individuals.

  • Mortgage Interest.
  • State and Local Taxes.
  • Charitable Donations.
  • Medical Expenses and Health Savings Accounts (HSA)
  • 401(k) and IRA Contributions.
  • Student Loan Interest.
  • Education Expenses.

Can the Missouri DMV look up personal property tax?

If you are visiting a local Department of Motor Vehicles (DMV) office and paid your taxes at least a week ago, the DMV can look up the paid information at the office.

How do I get a personal property tax waiver in Missouri?

A Tax Waiver can normally only be obtained in person at the Assessor’s Office. In light of the COVID-19 emergency, the Assessor’s Office has implemented a procedure to request it online.

What do I need to get a personal property tax waiver in Missouri?

You may be entitled to a tax waiver if one of the following applies:

  1. A new Missouri resident.
  2. First licensed asset you have ever owned.
  3. You did not own any personal property on January 1st of the prior year.
  4. You are in the military and your home of record is not Missouri (LES papers are required)