The Missouri Department of Revenue recently published the updated interest rate for refunds in the fourth quarter of 2023. Missouri separates its interest rates into Deficiencies, Refund Rates for Individual Income and Property Tax, and all other tax types. For all other tax types, those rates are published quarterly.
The rate for the 4th quarter of 2023 has increased from 1.9% in Q3 to 2.37% in Q4.
To review these interest rates in their entirety, please visit the Department of Revenue by clicking here.