Area News

COLUMBIA, Mo. — New federal tax changes will affect some seniors and car buyers beginning in the 2025 tax year, providing potential deductions on income for seniors and certain vehicle purchases, according to Andrew Zumwalt, director of the University of Missouri’s Personal Financial Planning program. Deduction for filers 65 and older For taxpayers age 65 or older by the end of the year, the law allows a deduction of up to $6,000 for single filers and $12,000 for married couples filing jointly, assuming both spouses are age 65 or older. “While this tax benefit is often referred to as ‘no…

NEMO – Our changing economy illustrates how agriculture impacts our lives now more than ever. Farmers and ranchers provide the food, feed, fuel and fiber that serves consumers in Missouri and around the globe. Thanks to Missouri farmers, consumers have can also find locally sourced food and goods. Consumers around the world enjoy what our farmers and ranchers produce. Missouri Farm Bureau and county Farm Bureaus throughout the state are joining forces to celebrate the importance of agriculture from March 1-7 during Celebrate Agriculture: Thank a Farmer Week! According to the Missouri Department of Agriculture, “A 2021 study of the…

By Mike Scott, NEMOnews Media Group Superintendents across northeast Missouri say three proposed property tax measures moving through the Missouri House could significantly reduce funding for rural school districts — potentially affecting staffing, programming and long-term financial stability. The legislation — Missouri House Bill 2780, Missouri House Bill 1766, and Missouri House Bill 2329 — would change how personal property is assessed and how local tax rates are calculated under the Hancock Amendment. While supporters say the bills would reduce tax burdens, rural superintendents say the revenue impact on schools could be severe. Clark County R-1: “You Can’t Lose Half…