Mississippi has a graduated tax rate. These rates are the same for individuals and businesses. There is no tax schedule for Mississippi income taxes. Who Should File? You should file a Mississippi Income Tax Return if any of the following statements apply to you: You have Mississippi Income Tax withheld from your wages. You are a Mississippi resident employed in a foreign country on a temporary or transitory basis.
This will delay your refund by several weeks. Late file penalties are only assessed on the deficiency or delinquency of tax due. If you are getting a refund, there is no deficiency or delinquency of tax due. You are encouraged to file your return as close to the due date as possible. Taxes withheld by Mississippi casinos as a result of gambling winnings are not refundable in Mississippi.
Mississippi residents are not required to report Mississippi gambling winnings as income on their state return. Out-of-state residents are not required to file a return if the only income earned in Mississippi was Mississippi gambling winnings. Before the Department of Revenue issues a refund, we are required to check for any outstanding debt that you may have with the agencies for which we have received notification. If any such debt is found, the amount you owe may be deducted from your refund.
Examples of this type of indebtedness would be back child support, owing a university for a student loan,unemployment, etc. If you disagree with the amount, you should contact the agency that is due the outstanding debt. The Department of Revenue participates in a federal offset program once an individual tax liability has reached final status. All taxpayers are notified of the Department of Revenue's participation in this program when the taxpayer is issued a Notice of Intent to Offset.
If you are a Mississippi resident or have Mississippi income and the income exceeds the allowable deductions and exemptions, you are required to file a return. If you are not required to file a Mississippi return, but you received a W-2 form stating you had Mississippi tax withheld, you must file a Mississippi return to get a refund of your Mississippi withholding. Calendar year taxpayers must file no later than April 15th. Fiscal year filers must file no later than the 15th day of the fourth month following the close of their taxable year.
If the due date falls on a weekend, then the due date is the next business day. Mississippi will follow the federal extension to file the individual income tax returns from April 15, to May 17, This extension only applies to the filing of the individual income tax return and payment of tax due. Penalty and interest will not accrue on the returns filed and payments made on or before May 17, This extension does not apply to the quarterly estimated payments due on April 15, If you receive an extension of time to file your federal income tax return, you are automatically allowed an extension of time to file your Mississippi income tax return.
You will need to attach a copy of your federal extension federal Form with your Mississippi income tax return when you file. An extension of time to file does not extend the time to pay any tax due. To avoid interest and penalty charges, you should pay your tax by the April 15th due date.
Attach the following required documents to the return:. If you move after filing your Mississippi income tax return, you will need to notify the Department of Revenue of your new address by letter to: Individual Income Tax Division P. Box Jackson, MS Include name, correct address, social security number, contact number, and detailed explanation. The U. Postal Service generally does not forward refund checks. If you perform services partly in and partly out of the state, only the wages you are paid for the services performed in Mississippi are subject to Mississippi income tax.
The W-2 forms issued to you from your employer s should indicate the state in which the wages were paid, along with the wages you earned in that state. If you are a Mississippi resident and earn income from another state, you must include all income on your Resident form.
You may be entitled to claim a credit against your Mississippi tax liability for the income taxes paid to the other state. You must include a copy of the other state's return to receive that credit. Please note, credit for taxes paid to other states is the other state's actual tax liability, not the other state's withholding.
A complete copy of the federal change must be included with the amended return. If the taxpayer fails to notify the Department of Revenue of the change, the Department of Revenue has three years from the date the IRS disposes of the tax liability in question to issue an assessment.
Also, the taxpayer has three years from the date the IRS disposes of the change to request a refund. Penalties and interest will be due along with the additional tax. The resident spouse will report all income earned in both the Mississippi income only column and the income from all sources column.
The spouse that is not a resident will report any income earned in Mississippi in the Mississippi income column only, but will declare his or her total income for purposes of prorating the income and deductions. A final income tax return must be filed by the due date for a taxpayer who died in the taxable year.
As the surviving spouse, you should file as married spouse died. You can make estimate payments online through TAP! You do not need to file a Mississippi Individual Income Tax return if you lived the entire year on the reservation, if all of your income was earned on the reservation, and if you are an enrolled tribal member. Instead, you will need to file the Reservation Indian Exclusion Form If you reside on the Reservation the income is not taxable but the income is taxable if you reside off the Reservation.
Military pay is subject to income tax to the state that is your home of record. If you entered the military in Mississippi, you are presumed to be a resident of Mississippi unless you change that designation. Yes, income paid to a member of the armed forces as additional compensation for hazardous duty pay in a combat zone designated by the President is exempt from Mississippi Income Tax.
Compensation which qualifies for exclusion includes payment received for inactive duty training monthly or special drills or meetings, active duty training summer camps, special schools, cruises, and for state active duty emergency duty. If your spouse is a Mississippi resident who earned income that was taxed by another state, you may be able to claim a credit for such tax on your Mississippi return.
Generally, retirement income, pensions and annuities are not subject to Mississippi Income tax if the recipient has met the retirement plan requirements. Early distributions are not considered retirement income and may be subject to tax. Mississippi does not tax benefits received from U. Any portion of such income, which may be taxed under federal law, is not subject to Mississippi's income tax. Since Mississippi does not tax Social Security benefits, the deductions related to that income such as Medicare tax withheld are not allowed.
Only the ad valorem tax portion of the annual auto registration may be deducted as a state itemized deduction. Go to Mississippi Tax QuickPay to submit your payment. Choose "Individual Income Tax" and follow the on-screen prompt.
This is a free option if you want to pay your taxes owed via your bank account. Credit or Debit Card Payment. Submit a tax payment through the state tax agency's QuickPay site. When you're on the site, select the "Individual Income Tax" option, then follow the on-screen prompts to enter and submit your information e. Use this payment option if you want to pay your tax payment via your credit or debit card. There is an additional service fee added to each payment you submit with your card.
Check or Money Order with Form Complete voucher Form and attach it to your check or money order payable to "Department of Revenue".
Write your identification number on the check. Mail them to the Form address below. Use this payment option if you wish to submit your payment via check or money order in the mail.
Choose one of these options: 1 Go to Mississippi QuickPay to submit your estimated payment and choose "estimated tax payment". Be aware that a service fee is added to each payment you submit with your card. Attach a check or money order for the tax period payable to "Department of Revenue". Write your identification number on the check or money order. Use one of these payment options if you want to submit estimated taxes rather than submit all your taxes owed at once. You can pay tax extension and tax estimate payments.
For estimate payments, you do not have to submit a form. Extension you can eFile on eFile. And the state also gives its residents plenty of tax breaks and a progressive, easy-to-understand tax rate. Much of the Mississippi state tax code is similar to what the IRS provides. But there are a few differences to note, including some deductions and credits. The Mississippi Department of Revenue administers individual income taxes for the state. If you have any tax-related questions, you can call daily from 8 a.
You can also view resources and get help through your Taxpayer Access Poin t account. For state taxes, the state has extended the filing and payment deadline. Mississippi residents now have until May 15, , to file their state returns and pay any state tax they owe for While this year is a bit different, for most Mississippi residents, Tax Day is April 15 of each year, matching up with the deadline for your federal return.
The only exception is if the 15th falls on a weekend or holiday. If this happens, your return is due on the next business day.
0コメント