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Exempt Contributions Missouri Savings For Tuition Program (MO$T)
The state of Missouri allows a subtraction from federal adjusted gross income for the amount of annual contributions made to the Missouri Savings for Tuition Program (MO$T). The maximum annual exempt contribution per taxpayer is $8,000. The MO$T subtraction cannot result in a negative Missouri adjusted gross income for either taxpayer. If you are a participant claiming a subtraction for a contribution made to the savings program, you must have your statement provided by the program manager. The MO$T statement must be in the name of the taxpayer claiming the subtraction.
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