2
TABLE OF CONTENTS
WHAT’S NEW!
3
LEGISLATIVE CHANGES
3
REMINDERS
4
FILING REQUIREMENTS
5
DO I HAVE TO FILE?
5
AM I A RESIDENT OR A NON-RESIDENT?
5
WHEN AND WHERE SHOULD I FILE?
5
LINE ITEM INSTRUCTIONS
6
FORMS 80-105 AND 80-205
6
TAXPAYER INFORMATION
6
FILING STATUS AND EXEMPTIONS
6
MISSISSIPPI ADJUSTED GROSS INCOME
7
DEDUCTIONS
8
TAX AND CREDITS
8
PAYMENTS
9
REFUND OR BALANCE DUE
9
INCOME
11
ADJUSTMENTS
13
NON-RESIDENTS AND PART-YEAR RESIDENTS
15
FORM 80-107
16
FORM 80-108
16
SCHEDULE A – ITEMIZED DEDUCTIONS
16
SCHEDULE B – INTEREST AND DIVIDEND INCOME
17
SCHEDULE N – OTHER INCOME/ LOSS & SUPPLEMENTAL INCOME
17
INCOME TAX CREDITS 18
GENERAL INFORMATION 21
ELECTRONIC FILING
21
TAXPAYER ACCESS POINT (TAP)
21
WHO MUST SIGN?
21
TAX PAYMENTS
21
INSTALLMENT AGREEMENT
21
DECLARATION OF ESTIMATED TAX
22
INTEREST AND PENALTY PROVISIONS
22
ROUND TO THE NEAREST DOLLAR
22
WHAT TAX RECORDS DO I NEED TO KEEP?
22
TAX RATES
22
AMENDED RETURN
22
DEATH OF A TAXPAYER
23
REFUND INFORMATION 23
CONTACT US
23
TELEPHONE ASSISTANCE
23
DISTRICT SERVICE OFFICES
23
FAQs 24
APPENDIX
26
COUNTY CODES
26
TAX CREDIT CODES
27
SCHEDULE OF TAX COMPUTATION
27
3
LEGISLATIVE CHANGES
WHAT’S NEW!
The following is a brief description of selected legislative
changes. A copy of all legislative bills is available at
www.legislature.ms.gov.
House Bill 531 (2022 Legislative Session)
Amended Miss. Code Ann. §27-7-5 to reduce the state income
tax on an individual’s taxable income beginning in tax year
2023 where no tax shall be levied on individuals with taxable
income up to and including $10,000 and tax years 2024-2026
where all individual taxable income in excess of $10,000 shall
be taxed at the following rates:
Tax Year 2024
Excess of $10,000 @ 4.7%
Tax Year 2025
Excess of $10,000 @ 4.4%
Tax Year 2026
Excess of $10,000 @ 4%
House Bill 1671 – Effective January 1, 2023
This bill revises the requirements for a pregnancy resource center
or crisis pregnancy center to be considered an eligible
charitable organization for the Pregnancy Resource Charitable
Contribution credit.
Also, the bill allows the Pregnancy
Resource Charitable Contribution credit to be used against
ad valorem taxes and increases the amount of tax credits
that may be allocated from $3,500,000 to $10,000,000. The
amount of credit that can be allocated to a single eligible
charitable organization was decreased from 50% to 25%.
The bill also increases the credit amount for voluntary cash
contributions to a qualifying charitable organization from
$400 to $1,200 for a single individual or head of household,
and from $800 to $2,400 for a married couple filing a joint
return for calendar year 2023 and each calendar year
thereafter. A credit will also be allowed against ad valorem taxes
and will be limited to an amount not to exceed 50% of the total ad
valorem tax liability. Any credit claimed but not used may be
carried forward for five (5) years.
The
bill
also
increases
the
credit
amount
for
voluntary
cash contributions
to
a
qualifying
foster
care
charitable
organization from $500 to $1,500 for a single individual or head of
household, and from $1,000 to $3,000 for a married couple filing
a joint return for calendar year 2023 and each calendar year
thereafter. A credit will also be allowed against ad valorem
taxes and will be limited to an amount not to exceed 50% of
the total ad valorem tax liability. Any credit claimed but not
used may be carried forward for five (5) years.
This bill also authorizes an income tax credit, insurance premium
tax credit, and an ad valorem tax credit for business
enterprises engaged in commercial, industrial or professional
activities for voluntary cash contributions made to an eligible
transitional home organization. The credit is limited to 50% of
the tax liability and may be carried forward for five (5) years.
The aggregate amount of credit allocated during a calendar
year shall not exceed $10,000,000. An income tax credit and
ad valorem tax credit for individuals will also be allowed for
voluntary cash contributions to an eligible transitional home
organization. The aggregate amount of credit allocated during
a calendar year shall not exceed $1,000,000.
The
bill
also
authorizes
an
income
tax
credit,
insurance
premium tax credit, and an ad valorem tax credit for business
enterprises engaged in commercial, industrial or professional
activities for voluntary cash contributions made to an
eligible charitable organization that contracts with
physicians and/or nurse practitioners to provide health
care services to low-income residents of Mississippi. The
credit is limited to 50% of the tax liability and may be carried
forward for five (5) years. The aggregate amount of credit
allocated during a calendar year shall not exceed $3,000,000. An
income tax credit and ad valorem tax credit for individuals will
also be allowed for voluntary cash contributions to an
eligible charitable organization that contracts with physicians
and/or nurse practitioners to provide health care services to
low-income residents of Mississippi. The credit is limited to
50% of the tax liability and may be carried forward for five (5)
years. The aggregate amount of credit allocated during a
calendar year shall not exceed $1,000,000.
House Bill 261 - Effective July 1, 2023
This bill revises the method by which a partnership, S
corporation or other similar pass-through entity may elect to
become an "electing pass-through entity" for state income
tax purposes, and provides that any additional income tax
credits generated by the electing pass-through entity shall
be passed through to the owners on a pro rata basis and
that any excess credit may be carried forward as an
overpayment or refunded. Limitations applicable to credits
generated by the electing pass-through entity shall apply at
the owner, member, partner or shareholder level. This bill
applies to any income tax return with an original due date
on or after January 1, 2023.
House Bill 1668 - Effective January 1, 2023
This bill, called the Regulate Experimental Adolescent
Procedures (REAP) Act, prohibits deductibles paid in
association with gender transition procedures for a person
under 18 years of age to be claimed on a state income tax
return.
House Bill 1125 - Effective February 8, 2023
This bill revises the time a taxpayer may elect
to claim a
historical rehabilitation rebate in lieu of claiming a tax credit
by allowing the election to be made at any time after the
certification of the rebate. If the taxpayer has utilized a tax
credit on an income tax return prior to making an election to
claim a rebate, then the available rebate will be reduced by
the amount of credit utilized.
House Bill 390 - Effective March 8, 2023
This bill increases the maximum amount of the
qualified contribution for the endowment fund charitable
credit for any taxpayer per year from $200,000 to $500,000
and extended the credit through 2028. The total
amount of credits authorized each year increased
from $500,000 to $1,000,000. Any credit claimed but not
used may be carried forward for five (5) years.
4
REMINDERS
Each charitable organization and each taxpayer wanting to claim
any of the new credits above must apply to the Department of
Revenue for approval.
The bill also allows an income tax credit for individuals claiming a
federal income tax credit for certain dependent care expenses.
The credit is equal to 25% of the amount of the federal income tax
credit claimed on the taxpayer’s federal income tax return. The
tax credit is limited to the total income tax liability. In order to claim
the credit, the taxpayer must claim the federal credit on their
federal income tax return and must have a federal adjusted gross
income of not more than $50,000.
This bill allows, for tax years beginning after December 31,
2022, a taxpayer to elect to take a full and immediate
deduction for specified research
or experimental
expenditures that are paid or incurred by the taxpayer
during the tax year in connection with the taxpayer's
trade or business as expenses that are not chargeable
to the capital account. Also, for tax years beginning
after December 31, 2022, expenditures for business
assets that are qualified property or qualified improvement
property shall be eligible for 100% bonus depreciation and
may be deducted as an expense during the tax year in
which the property is placed in service at the election
of the taxpayer. A taxpayer may also elect to treat the
cost of any Section 179 property that was placed in service
during the taxable year as an expense which is not
chargeable to a capital account, and any cost so treated
shall be allowed as a deduction for that year. The total of
any depreciation method or combination of methods used
cannot exceed one hundred percent (100%) of the cost of the
subject property.
Important tips to help expedite processing of your return:
✓
Use black ink when preparing the return.
✓
Make sure your social security number is entered correctly on all
returns, schedules, and attachments.
✓
Sign and date your tax return (on a joint return, the husband and
wife signature is required).
✓
Attach a copy of the federal return behind the state return.
W-2s, 1099s, any additional schedules and attachments
should be stapled to the back of the return. Do not place a
staple in the barcode area of the form.
✓
Do not include W-2Gs with your tax return. Gaming
withholding cannot be claimed as a deduction on your tax
return.
✓
Copies or reproductions of the official tax forms are not
acceptable.
Taxpayer Access Point (TAP) is easy to use, convenient and
free. With TAP, you have the option to Go Paperless. This
means that you pay your taxes on-line and receive certain
correspondence electronically.
TAP e-mail lets you know that you have new correspondence to
view on-line. You then logon to TAP to read the letter or message
and take appropriate action on your account. Only you, or
persons you authorize, can see your correspondence.
When making payments or updating profile information, you
should always log directly into TAP using your User ID and
password. TAP does not provide links containing your
transaction or personal information to any external web site.
Visit our website at www.dor.ms.gov to download forms by tax
year and tax type.
This bill allows the adoption credit of $5,000 to apply to a
dependent child residing outside Mississippi, but legally adopted
by a taxpayer under the laws of Mississippi during calendar year
2023 and after. The amount of the adoption credit for a
dependent child residing in Mississippi and legally adopted by a
taxpayer under the laws of Mississippi during calendar year
2023 and after was increased from $5,000 to $10,000.
Senate Bill 2696 - Effective July 1, 2023
This bill provides a fifty percent (50%) income tax credit to any
employer that provides a child care stipend of at least $6,000 to
a licensed or registered entity providing dependent child care for
an employee's children during the employee's work hours. This
credit must be certified by the Department of Revenue.
House Bill 1734 - Effective July 1, 2023
House Bill 1733 - Effec
tive January 1, 2023
This bill authorizes an income tax credit, insurance premium tax
credit, and ad valorem tax credit for business enterprises engaged
in commercial, industrial or professional activities for voluntary
cash contributions made to an eligible charitable organization that
is purchasing, warehousing and delivering food directly to food
pantries or soup kitchens in more than five (5) Mississippi counties
on a monthly basis. The credit is limited to 50% of the tax liability
and may be carried forward for five (5) years. The aggregate
amount of credit allocated during a calendar year shall not exceed
$1,000,000. Each charitable organization and each taxpayer
wanting to claim the credit must apply to the Department of
Revenue.
House Bill 1723 - Effective July 1, 2023
Senate Bill 2858 - Effective July 1, 2023
This bill increases the aggr
egate amount of
investment tax c
redits that may be allocated to
participating inves
tors of Mississippi Small
Business
Investment
Companies
under the Mississippi
Small
Business
Investment
Company
Act by
$45,000,000.
5
AM I A RESIDENT OR A NON-RESIDENT?
FILING REQUIREMENTS
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
(other than Mississippi gambling income).
• You are a non-resident or part-year resident with income
taxed by Mississippi (other than gambling income).
• Single resident taxpayers – you have gross income in
excess of $8,300 plus $1,500 for each dependent.
• Married resident taxpayers – you and your spouse have
gross income in excess of $16,600 plus $1,500 for each
dependent.
• Minor resident taxpayers – you have gross income in excess
of the personal exemption plus the standard deduction
according to the filing status.
• Residents working outside of Mississippi – you must file
a Mississippi return and report the total gross income
regardless of the source.
• Residents working outside of the United States – you must
file a return and report the total gross income if you are a
Mississippi resident employed in a foreign country on a
temporary or transitory basis. If you qualify to exclude
foreign wages for federal purposes, enter the amount as a
deduction on schedule N and attach the Federal Form 2555.
• Dec
eased taxpayer – if you are a survivor or representative
of a deceased taxpayer, you must file a return for the
taxpayer who died during the tax year on or before the 2023
return is due. For more information on the filing requirements
of a deceased taxpayer, see the “Death of a Taxpayer”
section of this booklet.
An individual who maintains a home, apartment, or other place
of abode in Mississippi, or who exercises the rights of
citizenship in Mississippi by meeting the requirements as a
voter or who enjoys the benefits of homestead exemption, is a
legal resident of the State of Mississippi and remains a
resident although temporarily absent from the state for varying
intervals of time. An individual remains a legal resident of
Mississippi until citizenship rights are relinquished and a new
legal residence is established. Changes in driver’s license,
vehicle tags, voter registration, and property taxes show intent
to change legal residence.
What is my status if I moved into or out of
Mississippi in 2023?
You are considered a part-year resident and must file the Non-
Resident/Part-Year Resident Return, Form 80-205. You will be
taxed only on income earned while a resident of Mississippi and
you will prorate your deductions and exemptions.
Calendar year returns must be filed no later than April 15th
annually. Fiscal year returns must be filed no later than the
15th day of the 4th month following the end of the fiscal year.
Please write the fiscal year period and the words “Fiscal
Year Return” in bold letters on the front of the return.
Need more time to file your return?
If you will receive a refund or will not owe any additional tax,
Mississippi will allow you the same time to file your return as
allowed by federal. However, if you owe additional taxes, you
must remit the tax due with Form 80-106, on or before the
due date of the return.
The authorized extension of time to file does not extend the
time for payment of tax of due. Interest and penalty will apply
on any underpayment of tax. See the “Interest and Penalty
Provisions” section of this booklet for more information.
The return should be mailed to:
Returns Requesting a
Refund:
All Other Returns (With
Payments or No Tax Due):
Department of Revenue
P.O. Box 23058
Jackson, MS 39225-3058
Department of Revenue
P.O. Box 23050
Jackson, MS 39225-3050
DO I HAVE TO FILE?
WHEN AND WHERE SHOULD I FILE?
claimed on the other. If you elect to file separate
6
FORMS 80-105 AND 80-205
LINE ITEM INSTRUCTIONS
The below instructions serve as a general guide for filing your
2023 Mississippi Resident Individual Income Tax Return
(Form 80-105) or your 2023 Mississippi Non-Resident or
Part- Year Resident Individual Income Tax Return (Form
80-205).
Line item instructions are generally the same for both
Resident and Non-Resident returns; however, the line
numbers differ in some cases and are noted where
applicable. Specific instructions for the Non-Resident or
Part-Year Resident returns are in the “Non-Resident and
Part-Year Resident” section of this booklet.
TAXPAYER INFORMATION
Please make sure that you write in your name, address, and
SSN. If you are married and filing a joint, combined, or
separate return, write in the social security number for both
you and your spouse. If a spouse died in the tax year, enter
the surviving spouse as the first taxpayer. Enter the code
corresponding to your resident county on page 1 of the return
(see “Appendix” for a list of the codes).
FILING STATUS AND EXEMPTIONS
Mark an ‘X’ in the box applicable to your filing status on the
last day of the tax year. After checking your filing status, enter
the corresponding exemption dollar amount on page 1, line 11
(the dollar amount is shown next to the filing status you
selected). The exemption and standard deduction for each
filing status for 2023 are listed in the table below.
Filing Status Exemption
Standard
Deduction
Married – Filing Joint or
Combined Return
$12,000 $4,600
Married – Spouse Died 2023 $12,000 $4,600
Married – Filing Separate
Returns
$6,000 $2,300
Head of Family $8,000* $3,400
Single $6,000 $2,300
*Note: The additional $1,500 will be allowed in the calculation
of the dependent exemption amount entered on line 10.
Filing Status for Married Persons
Married persons may file tax returns in any of these three
methods: 1) joint, 2) combined or 3) separate. Choose the
method which results in the least amount of tax.
1)
A joint return is usually completed when only one spouse
has income. Place all income, deductions, exemptions,
etc. in Column A (Taxpayer).
2)
A combined return is completed when both spouses have
income. Place one spouse's income in Column A
(Taxpayer) and the other spouse's income in Column B
(Spouse). The exemptions and deductions may be divided
in any manner you choose. If only one spouse has income,
this income may not be split between husband and wife.
3)
Separate returns (two returns) are filed when each spouse
completes his/her own return. Each spouse reports his/her
own income and deductions on a separate return. BOTH
spouses must file returns even though one spouse may have
little or no income. If one spouse elects to itemize
deductions, both must itemize. Each spouse is entitled to
only one-half of the total exemption authorized. Each spouse
must list the other spouse on his/her return.
Standard Deductions & Exemptions for Married Persons
• Married - Filing Joint or Combined Return – The standard
deduction ($4,600) and the authorized exemption ($12,000)
may be divided between the spouses in any manner they
choose when filing a combined return.
• Married - Filing Separate (Two Returns) – each individual
must claim the authorized exemption ($6,000) and may
either claim the standard deduction ($2,300) or their
itemized deductions from Schedule A. Any unused portion
of the standard deduction ($2,300) or the exemption
($6,000) by one spouse on his/her separate return may not
be used by the other spouse on his/her separate return.
Line 1: Married – Combined or Joint Return
Enter $12,000 on line 11
A married individual is a person who was legally
married on the last day of the tax year. The filing status
exemption for married individuals is a joint exemption
and in the case of a husband and wife filing a joint or
combined return (one return), the exemption may be
claimed by either or divided between them in any
manner they choose to the extent that the total amount
of exemption claimed by husband and wife does not
exceed the total exemption authorized ($12,000).
Mississippi law does not recognize common law
marriages.
Line 2: Married – Spouse Died in 2023
Enter $12,000 on line 11
Use this filing status if your spouse died in 2023
and you did not remarry in 2023. Report your
spouse’s income before death and your income for all
of 2023.
Note: The surviving spouse should be listed as the
primary taxpayer on the return.
Line 3: Married – Filing Separate Returns
Enter $12,000 on line 11
Mississippi law provides that married individuals filing
separat
e returns (two returns) shall divide equally
between the two spouses the total exemptions
authorized. If the box on line 3 is checked, the only
deduction you may claim for exemptions is one-half of
the amount indicated on line 12. Checking the box
“Married – Filing Separate Returns” implies that both
husband and wife will file separate returns regardless
of the amount or source of income of each. Any unused
portion of the exemptions on one return may not be
7
returns, enter the spouse's name and spouse's
SSN in the heading of the return.
If this computation produces an inequity, it is
suggested that married individuals check the box
on line 1 and file one combined return so that the filing
status and additional exemptions may be divided
between the spouses in any manner they choose.
If you elect to file jointly, enter the spouse’s
name and spouse’s SSN in the heading of the
return.
Line 4:
Head of Family
Enter $8,000 on line 11
A Head of Family individual is a taxpayer who is
single and who maintains a household which
constitutes the principal place of abode for himself
or herself AND one or more dependents. A
married individual must live apart from his/her
spouse for the entire year to qualify for Head of
Family filing status. If the dependent does not live
in the same home with the taxpayer, such taxpayer
does not qualify as head of family even though the
taxpayer may contribute to the support and
maintenance of a separate household for the
dependent.
You must have a dependent of yours living in the
home with you for the entire year to file as head of
family. By checking line 4 of the tax return to file as
head of family, you are allowed $8,000 on line 11
and $1,500 for the required dependent listed on line
6 which totals $9,500 for your head of family status
exemption. If you have additional dependents, list
them on the additional lines available on line 6.
Line 5: Single
Enter $6,000 on line 11
A single taxpayer status is allowed for a person who
is not married or who is married but legally
separated from his/her spouse on the last day of the
tax year.
Additional Exemptions
An additional exemption may be claimed for a taxpayer
and/or spouse ONLY if blind or age 65 or over. The status on
the last day of the tax year will determine the additional
exemptions authorized except in the case of death of a
spouse or dependent. See the following chart for a list of
additional exemptions.
Additional Exemptions
• Each dependent, other than yourself or spouse … $1,500
• Age 65 or over, taxpayer or spouse only ................. $1,500
• Blind, taxpayer or spouse only .................................. $1,500
Line 6: Dependents
Enter the dependent’s name, the dependent’s
relationship to you, and the dependent’s Social Security
Number. A dependent is a relative or other person who
qualifies for federal income tax purposes as a
dependent of the taxpayer. A dependency exemption
is not authorized for yourself or your spouse.
An additional exemption may be taken by the taxpayer
for each authorized dependent claimed. You must enter
the SSN and relationship for each dependent claimed
on your tax return.
Line 7:
Number of Dependents Claimed
Enter the number of dependents claimed on line 6.
Additional dependents are listed on Form 80-491.
Line 8:
Age and Blindness
If the taxpayer or spouse is age 65 or over, or blind, an
additional exemption may be claimed. Mark an “X” in the
applicable box (es) on line 8 and enter on line 9 the
number of boxes checked. For tax purposes, a person
is 65 years of age on the day before his 65th birthday.
No additional exemption for age or blindness may be
claimed for dependents.
Line 9: Total Number of Dependents Claimed and Total
Number of Age and/or Blindness Exemption(s)
Enter the total number of dependents claimed on line 7
and/or age and blindness exemptions claimed on line 8.
Line 10: Total Additional Exemption(s) Amount
Multiply line 9 by $1,500 and enter the result on line 10.
Line 11: Filing Status Exemption
Enter the dollar amount corresponding to the Filing
Status you selected from lines 1 through 5.
Line 12: Total Filing Status/Additional Exemption Amounts
Add the amounts from line 10 and line 11 and enter the
result on line 12.
MISSISSIPPI ADJUSTED GROSS INCOME
Married individuals with separate incomes electing to file a
combined return (both spouses having earned incomes) should
separate their incomes beginning with line 13 (line 16, Non-
Resident Return) throughout the return in order to take
advantage of the lowest tax rates.
Line 13: Mississippi Adjusted Gross Income (Line 16, Non-
Resident Return)
Enter the amount of Mississippi Adjusted Gross
Income from page 2, line 66.
Non-Resident Return: Enter amount from line 67 or
68, as appropriate.
8
DEDUCTIONS
You may choose to either itemize individual non-business
deductions or claim the standard deduction for your filing
status, whichever provides the greater tax benefit. In the case
of married individuals filing separate returns, if one spouse
itemizes then the other spouse must also itemize. You cannot
take the standard deduction if your spouse takes
itemized deductions.
• State income taxes, or any other taxes allowed for federal
purposes in lieu of state income tax, including taxes withheld
on Mississippi gaming winnings, are not deductible on your
itemized deductions schedule. See the instructions for
Schedule A, Itemized Deductions, on page 16.
• Losses incurred at Mississippi gaming establishments are
not deductible on your Mississippi itemized deduction
schedule.
• Married individuals having separate income and filing a
combined return may divide their itemized deductions in
any amount between them.
Line 14: Standard or Itemized Deductions (Line 17, Non-
Resident Return)
Itemized Deductions
State income taxes or any other taxes allowed for
federal purposes in lieu of state income tax are not
deductible on your itemized deductions schedule.
This also includes the non-refundable income tax
withheld on gaming winnings. See instructions for
Schedule A (Itemized Deductions). Married
individuals having separate income and filing a
combined return may divide their itemized
deductions in any manner they choose for Column
A and Column B. Mississippi gaming losses are
not deductible as Mississippi itemized deductions.
Standard Deduction
In lieu of an allowance for itemized personal
deductions, you may claim an allowance for the
standard deduction. Refer to the table on page 6
for the amounts of standard deduction allowances.
Married individuals having separate incomes and
filing a combined return (one return) may divide the
authorized standard deduction ($4,600) between
the spouses in any manner they choose for Column
A and Column B. Married individuals filing separate
returns (two returns) and electing to claim the
standard deduction must EACH claim the amount
specified. Any unused portion of the standard
deduction by one spouse on his/her separate
return may not be used by the other spouse on
his/her separate return.
Enter the amount of your itemized or standard
deduction on page 1, line 14. If itemized, Form
80-108 must be attached.
Line 15: Amount of Exemption (Line 18, Non-
Resident Return)
Enter the amount from line 12. If Married-Filing
Separate, divide this amount by 2.
TAX AND CREDITS
Line 16: Mississippi Taxable Income (Line 19, Non-
Resident Return)
Subtract lines 14 and 15 from line 13 and enter the
result on line 16. (Subtract lines 17 and 18 from line
16 on the Non-Resident Return). The amount of
income
tax
due
is
calculated
based
on
this
amount. Use the Schedule of Tax Computation, on
page 27 to compute the amount of income tax due.
Line 17: Total Income Tax Due (Line 20, Non-Resident
Return)
Using the taxable income amount(s) from line 16 (line
19, Non-Resident Return); the Schedule of Tax
Computation, on page 27 should be completed to
determine the total Mississippi income tax liability.
If Married Filing Joint or Combined, or Married –
Spouse Died in Tax Year filing status is selected, and
the amounts in both Column A and Column B are
positive amounts, use Column A (Taxpayer) and
Column B (Spouse) of the Tax Computation Schedule
to compute the tax liability on line 5 of the Schedule.
If Married Filing Joint or Combined, or Married - Spouse
Died in Tax Year filing status is elected and the taxable
income on line 16 (line 19, Non-Resident Return) of
either Column A or B is a positive amount, and the
taxable income on line 16 (line 19, Non-Resident
Return) of the other column is a negative amount, the
positive and negative amounts should be combined.
If a net positive amount results, the tax liability should
be computed on the net amount using Column A of
the Tax Computation Schedule. If combining the
positive and negative amounts reflected in Column A
and Column B results in a negative amount, there will
be no income tax liability.
If the amounts shown on line 16 (line 19, Non-Resident
Return), Columns A and B are both negative, there will
be no income tax liability.
The tax liability for taxpayers using any other filing
status should be computed using Column A (Taxpayer)
of the Tax Computation Schedule. Enter the amount
from line 4 of the Tax Computation Schedule on line 17
(line 20, Non-Resident Return), page 1.
Line 18: Credit for Income Tax Paid to Another State (not
applicable on the Non-Resident Return)
If you are a resident of Mississippi who earns income
in another state and are required to pay an income tax
to that other state, you are allowed to take a credit
against your Mississippi income tax due in the same
year for the total income tax due to the other state
(subject to certain limitations).
In order to be allowed this credit, you MUST file an
income tax return with the other state and attach a
copy of this return to your Mississippi return. The
withholding amounts shown on your W-2 forms are
NOT the same as actual tax paid to the other state.
Form 80-160 and a copy of the other state return(s)
9
must be attached. Copies of withholding
statements are not sufficient to establish
the credit.
Miss. Code Ann. §27-7-77 provides for three (3)
limitations, which are:
1)
The credit may not exceed the amount of
income tax due to the State of Mississippi
indicated on line 17;
2)
The credit may not exceed the amount of
income tax actually paid to the other state
(any income tax credits allowed by another
state will not be treated as taxes actually paid);
and
3)
The credit may not exceed an amount
computed by applying the highest applicable
Mississippi rates to the net taxable income
reported to the other state. Highest rates are
meant to mean the highest rates at which the
net taxable income reported to the other state
is taxable by the State of Mississippi.
Line 19: Other Credit(s) (Line 21, Non-Resident
Return)
All other allowable credits should be combined
and the total entered on this line. For each type of
credit taken, enter the applicable two-digit code on
Form 80-401.
Line 21: Consumer Use Tax (Line 23, Non-
Resident Return)
If during 2023 you made out-of-state purchases
of goods or services that you used, stored,
or consumed in Mississippi and did not pay
sales taxes to any state, you are required
to pay Mississippi Consumer Use Tax at a rate
of 7% of the purchase price.
An example of such purchases includes books,
clothing, computers, electronics, furniture,
household items and downloads of digital
products such as music, movies, e-books, and
software.
Line 22: Catastrophe Savings Tax (Line 24,
Non- Resident Return)
If during 2023 you received a non-qualified
distribution from a catastrophe savings account,
the amount of the non-qualified distribution
should be reported as income on the Schedule N
on Form 80-108.
Withdrawals from a Catastrophe Savings Account
are taxed an additional 2.5% under Miss.
Code Ann. §27-7-5 unless: (1) the taxpayer no
longer owns a legal residence in Mississippi that
qualifies for homestead exemption, or (2) the
distribution is made on or after the date on which
the taxpayer attains the age of seventy (70) years
old. Enter the additional tax on line 22 (line 24,
Non-Resident Return).
PAYMENTS
Line 24: Mississippi Income Tax Withheld (Line 26, Non-
Resident Return)
Add the amounts shown as "MS Income
Tax" withheld on your Form W-2 and Federal
Forms 1099 and/or 1099-R. Enter the total
amount withheld on line 24 (Line 26, Non-
Resident Return). In order to receive credit for
withholding taxes paid, you must complete
Form 80-107, Income/Withholding Tax
Schedule.
Include le
gible copies of your Form W-2 with your
return. Copies of your Form W-2 are available only
from your employer. Also attach any other forms
(1099s, etc.) that have Mississippi withholding to
the back of the return. The withholding credit may
be disallowed if W-2s are not attached to the
return. These items should be listed on Form
80-107, Income/Withholding Tax Schedule,
which also must be filed with to your return.
Do not include W-2Gs with your tax return.
Gaming withholding cannot be claimed as a
deduction on your tax return.
Line 25: Estimated 2023 Tax Payments, Extension
and/or Amount Paid on Original Return (Line
27, Non- Resident Return)
Enter the total estimated tax payments you made
before filing your 2023 Mississippi tax return plus
any amount credited from your 2022 tax return.
Any amount paid with a request for extension of
time to file should also be included in this amount.
Line 26: Credit for Tax Paid on an Electing Pass-
Through Entity Tax Return (Line 28, Non-
Resident Return)
Enter on line 26 (line 28, Non-Resident Return)
the amount of taxes paid on your behalf by
electing pass-through entities, from Form 80-161,
line 3D.
The Mississippi K-1s you
received from electing
pass-through
entities must be attached to the return.
Line 27: Refund Received and/or Amount Carried
Forward From Original Return (Line 29,
Non- Resident Return)
Enter the amount of refund received and/or carried
forward from the original return. This line only
applies to amended returns.
REFUND OR BALANCE DUE
Line 29: Overpayment (Line 31, Non-Resident Return)
(If no overpayment is due on line 29 (Line 31,
Non-Resident Return), skip to line 35 (Line 36,
Non-Resident Return))
If line 28 (line 30, Non-Resident Return) is larger
than line 23 (line 25, Non-Resident Return),
subtract line 23 (line 25, Non-Resident Return)
from line 28 (line 30, Non-Resident Return) and
enter the overpayment of tax on line 29 (line 31,
Non- Resident Return).
10
Line 30: Interest on Underestimated Tax and First-
Time Home Buyer Penalty (Line 32, Non-
Resident Return) (from Form 80-320, Line
19)
An individual taxpayer is subject to making
estimated tax payments if such taxpayer does
not have at least 80% of his/her tax liability
withheld through wages subject to withholding
and such liability exceeds $200.
Any amount withdrawn from a first-time home
buyer account that went to pay unqualified
expenses should be assessed a 10% penalty of
the amount of such costs.
Farmers or Fishermen Exception
You will not be charged interest for underpayment
of tax if your gross income from farming or fishing
is at least two-thirds of total gross income and (a)
80% of estimated tax is paid by the 15th day of the
first month after the close of the income year or (b)
the income tax return is filed by the first day of the
third month following the close of the income year
and tax shown due is paid.
Line 31: Adjusted Overpayment (Line 33, Non-
Resident Return)
Subtract line 30 (line 32, Non-Resident Return)
from line 29 (line 31, Non-Resident Return) and
enter the adjusted overpayment of tax on line 31
(line 33, Non- Resident Return).
Line 32: Credit to Estimated Tax (Line 34, Non-
Resident Return)
Enter on line 32 (line 34, Non-Resident Return) the
amount of your overpayment you are crediting to
your 2024 estimated tax account. This amount
will not be mailed to you.
Line 33: Voluntary Contribution Check-Offs
(not applicable on the Non-Resident
Return)
You may contribute all or part of your 2023 income
tax refund to one or more of the six (6) funds
approved by the Legislature. Contributions to a fund
must be at least $1.00. In order to contribute to one
of the funds, you must complete and attach Form
80-108, Part III. The total from Form 80- 108, Part
III should be entered here.
Your contribution may be claimed as a tax
deductible charitable contribution on your state and
federal income tax returns. Once your return is
filed, your contribution is final and cannot be
refunded.
Contributions to the Military Family Relief Fund
This fund provides grants to families that
experience a financial hardship as a result of a
family member who is a Mississippi resident and
who is a member of the Mississippi National
Guard or the Reserves of the Armed Forces of the
United States that was called to active duty as a
result of the September 11, 2001 terrorist attacks.
Contributions to Mississippi Commission
for Volunteer Service Fund
These refund donations may be expended by the
Mississippi Commission for Volunteer Services to
advance community service and volunteer work
among Mississippians.
Contributions to the Mississippi Wildlife
Heritage Fund
These refund donations are used to study, protect, and
manage non-game wildlife, endangered species, and
special natural areas.
Tax refund contributions are used to: (1) fund more
than one hundred research projects which produced
valuable information on rare plant and animal species;
(2) reintroduce bald eagles to our state's barrier
islands; (3) record and publish the songs and sounds
of Mississippi's birds and frogs; and (4) help
rehabilitate injured birds of prey.
If you are not due a refund but wish to contribute,
make a check or money order payable to the Wildlife
Heritage Fund and mail it to the Mississippi
Department of Wildlife, Fisheries and Parks, P.O.
Box 451, Jackson, MS 39205-0451.
Contributions to the Mississippi
Educational Trust Fund
The principal of the trust fund shall remain inviolate
and shall be invested as provided by general law.
Interest and income derived from investment of the
principal of the trust fund may be appropriated by a
majority vote of the elected membership of each
house of the legislature and expended exclusively for
the education of the elementary and secondary
school students and/or vocational and technical
training in this state.
Contributions to Mississippi Wildlife Fisheries
and Parks Foundation
These refund donations are used to build, upgrade,
and/or improve our fisheries and parks managed by
the Mississippi Wildlife Fisheries and Parks
Commission.
If you are not due a refund but wish to contribute,
m
ake a check or money order payable to Mississippi
Wildlife Fisheries and Parks Foundation and mail it
to the Mississippi Department of Wildlife, Fisheries
and Parks, P.O. Box 14194, Jackson, MS 39236.
Contributions to Mississippi Burn Care Fund
Donations to the Fund will be forwarded to the Burn
Center for use in its operations.
Line 34: Overpayment Refund (Line 35, Non- Resident
Return)
Subtract lines 32 and 33 from line 31 (Non- Resident
Return, subtract line 34 from line 33). Subject to
correction of error, this is the amount of your refund.
The refund will be mailed to the address on your
return. No refund will be made for amounts less than
$1.00.
11
Paper Returns Only: If you would like to have
your refund directly deposited, please check the
“Direct Deposit Request” box below this line and
complete page 3 of Form 80-105 or Form 80-205.
If the Department of Revenue is notified of a debt
in an amount of $50.00 or more by a county or
municipality or if the Department is notified of an
amount is excess of $25.00 by the State
Department of Human Services, an Educational
Board, Educational Institution, Educational Loan
Agency, State Department of Medicaid or
Mississippi Department of Employment Security,
a portion or all of your refund may be offset in
payment of that debt.
Line 35: Balance Due (Line 36, Non-Resident Return)
If line 23 is more than line 28, subtract line 28
from line 23 and enter the balance due on this
line. (Non- Resident Return, if the total
payments on line 30 are less than the total tax
due on line 25, subtract line 30 from line 25 and
enter the balance due on line 36).
Line 36: Interest and Penalty (Line 37, Non-
Resident Return)
• Late Payment Interest and Penalty: Enter
the amount from Form 80-320, line 19. An
extension of time only extends the time for filing
a return, not payment of the tax. If the income
tax is not paid by the original due date of the
return, then interest is due at the rate of 1/2%
per month.
The penalty imposed for failure to pay the tax
when due is 1/2% per month not to exceed 25%
in the aggregate. The penalty is based on the
balance due amount. Interest and penalty for
late payment is not charged on interest and
penalty on underestimated income tax
payments.
• Late Filing Penalty: The penalty imposed for
failure to file a return is 5% per month not to
exceed 25% in the aggregate. The failure to file
penalty is based on the amount of net tax due
from Form 80-105, line 35 (Resident) or Form
80-205, line 36 (Non-Resident/Part-Year
Resident). Such failure to file penalty shall not be
less than $100 and will be applied to all returns
filed after the due date as well as any
extensions.
Line 37: Total Due (Line 38, Non-Resident Return)
Add line 35 (line 36, Non-Resident Return) and
line 36 (line 37, Non-Resident Return) and enter
the amount on this line. This is the amount you
owe. You must pay the FULL AMOUNT of your
income tax due when you file your return (or
before the due date of April 15th).
Payments can be made by check or money order
payable to the Department of Revenue. Do not
send cash by mail. Be sure to enclose the
Payment Voucher, Form 80-106, with your
payment. Payments can be made in person at
any of the Department of Revenue District Service
Offices or through Taxpayer Access Point (TAP) on
our website. Balances due of less than $1.00 do not
need to be paid.
INCOME
Line 38: Wages, Salaries, Tips, Etc. (Line 38, Non-
Resident Return)
Show the total of all wages, salaries, fees,
compensation, commissions, tips, bonuses, and
other amounts your employers paid you before they
deducted taxes, insurance, etc. Include in this total:
• The amount shown on your Wage and Tax
Statement (Form W-2) in the box "State wages,
tips, etc." (Enter on Form 80-107).
• All other wages, salaries, tips, etc. in which you do
not have a Wage and Tax Statement. (Enter on
Form 80-108, Part V, Schedule N).
•
Tips you did not report to your employer.
•
Fair market value of meals and living quarters
if given by your employer as a matter of your
choice and not for your employer’s
convenience.
•
Strike and lockout benefits paid by a union
from union dues, including both cash and the
fair market value of goods received, unless
the facts clearly show that such benefits were
intended as a gift.
Include all W-2s with your return. Also, you must
complete the Income/Withholding Tax Schedule (Form
80-107) and submit it with your return.
Differences may exist between the amount of state taxable
income entered on this form (line 38 through line 48) and the
amount of federal taxable income entered on Form 1040,
1040A, etc. In such cases, a reconciliation must be provided.
This can be accomplished in one of two ways.
The first method is to enter the amount per the federal return
for the corresponding line item (e.g., line 39 - Schedule C
income) on the Mississippi return. A separate adjustment must
then be recorded on the Schedule N identifying the
difference(s) between federal and state reportable
income.
The alternative method is to enter the amount of Mississippi
reportable income on the appropriate line and attach a
separate schedule reconciling the federal amount, the item(s)
of difference, and the state amount reported on page 2 of
Form 80-105.
Non-Resident Return: On Form 80-205, married individuals
with separate incomes electing to file a combined return (both
spouses having earned incomes) should combine their
incomes beginning with line 39 and forward throughout the
schedule to determine Total Income from All Sources and
Income(s) Earned in Mississippi Only.
Line 39: Business Income or Loss (Line 40, Non-
Resident Return)
Enter your profit or loss if you owned a business or
practiced a profession. If you had more than one
12
business or if you and your spouse had separate
businesses, complete a Schedule C for each
business. If the Mississippi net profit or loss
amount varies from the Federal Schedule C net
profit or loss, then provide a reconciliation. If you
enter the federal amount on this line, but there is
a difference between Mississippi and federal
amounts, enter the adjustment on Form 80-108,
Schedule N. The Federal Schedule C must be
attached to your return.
If some of your expenses are part business and
part personal, you can only deduct the business
part as a business expense.
Line 40: Capital Gain or Loss (Line 41, Non-
Resident Return)
Enter the amount of capital gain or loss.
Mississippi generally follows IRS rules concerning
computation of capital gains and losses. Capital
loss deductions are subject to the same
limitations as federal. However, Mississippi does
not have different tax rates for capital gains. All
income is taxed at the same rate. Gains from the
sales of ownership interests must first be reduced
by the amount of any losses determined from
sales or transactions described in Miss. Code
Ann. Section 27-7-9(f)(10). If the amount reported
on this line is different than the amount reported
for federal purposes, a reconciliation should be
attached. If you enter the federal amount on this
line, but there is a difference between Mississippi
and federal amounts, enter the adjustment on
Form 80-108, Schedule N. If applicable, the
Federal Schedule D must be attached to your
return.
Line 41: Rental Real Estates, Royalties, Partnerships, S
Corporations, Trusts, Etc. (Line 42, Non-
Resident Return)
Enter the income or loss from activities reported
on Federal Schedule E on this line. If the amount
reported is different than the amount reported for
federal purposes then attach a reconciliation. If
you enter the federal amount on this line, but there
is a difference between Mississippi and federal
amounts, enter the adjustment on Form 80-108,
Schedule N. The Federal Schedule E must be
attached to your return.
Line 42: Farm Income or Loss (Line 43, Non-
Resident Return)
Enter the net farm income or loss on this line. If
you are a farmer or rent your farm on shares,
attach Federal Schedule F to your tax return.
If the amount reported is different than the amount
reported for federal purposes then attach a
reconciliation. If you enter the federal amount on
this line but there is a difference between
Mississippi and federal amounts, enter the
adjustment on Form 80- 108, Schedule N.
Farm losses claimed by persons who do not devote
full time to farming will not be allowed unless such
person can clearly establish the fact that he is in
the business of farming for gain or profit.
Line 43: Interest Income (Line 44, Non-Resident
Return)
Complete Form 80-108, page 1, Schedule B, lines 1
through 3. Enter interest received or credited to your
account during the tax year on bank deposits, notes,
mortgages, and corporation bonds. Interest on bonds
is considered income when received or credited.
Interest income from obligations of the U.S.
Government, the State of Mississippi and subdivisions
thereof is exempt. Interest on obligations of other
countries, states, cities, or political subdivisions
outside of Mississippi is taxable.
Line 44: Dividend Income (Line 45, Non-Resident Return)
Complete Form 80-108, page 1, Schedule B, lines
4 through 6. Report the amount of all dividends
received during the tax year. Dividends include
distributions of money as well as property.
Line 45: Alimony Received (Line 46, Non-Resident
Return)
Enter the amount received as alimony and separate
maintenance payments. The recipient of alimony
must include the amount received in gross income.
For Alimony Paid, see the instructions for line 53 (line
54, Non-Resident Return).
Note: Per the Tax Cut and Jobs Act, alimony and
separate maintenance payments received are no
longer included in taxable income for any divorce or
separation agreements executed or modified after
December 31, 2018.
Line 46: Total Pensions and Annuities (Line 47,
Non- Resident Return)
Enter the total amount of taxable pensions and
annuities received on this line. Pensions and
annuities that are taxable as early or excess
distributions under the Federal Internal Revenue
Code (see Federal Form 5329) do not qualify for
exemption from Mississippi income tax. Such
income should be reported on this line as taxable
income. Separation pay is not retirement income and
does not qualify for exemption. Deferred
compensation plan distributions received prior to
attainment of retirement age and/or service
requirements are taxable for Mississippi purposes
and should be reported on this line. Do not report
Social Security benefits, annuity benefits received
under the Federal Railroad Retirement Act, or
retirement income on this line. Social Security
benefits, Railroad Retirement benefits, and
retirement income from federal, state, and private
retirement systems are exempt in total.
Line 47: Unemployment Compensation (Line 48,
Non- Resident Return)
Enter from Form(s) 1099-G the amount
of unemployment compensation received in
2023. Unemployment compensation is
taxable for Mississippi income tax purposes.
Complete Form 80- 107.
Treasury
13
Line 48: Other Income or Loss (Line 49, Non-
Resident Return)
Enter the amount from Form 80-108, Part V, Line
10 (Schedule N).
Line 49: Total Income or Loss (Total Income or
Loss on Non-Resident Return, line 50)
Add lines 38 through 48. Enter the total on this line.
Non-Resident Return: Add lines 39 through 49
of both columns "Total Income From All Sources"
and “Mississippi Income ONLY". Enter the totals
on this line.
ADJUSTMENTS
Non-Resident Return: On Form 80-205, married
individuals with separate incomes electing to file a
combined return (both spouses having earned income)
must combine their adjustments beginning with line 51 and
continue throughout the schedule to determine “Total
Income from All Sources” and “Incomes Earned in
Mississippi Only”.
If the adjustment to income is not listed in lines 51 through
65, then the adjustment must be reported on Form 80-108,
Schedule N. An adjustment in this section requires
attachment of a schedule or other detailed explanation.
You must give a description of the adjustment and enter
the figure as a negative amount on Schedule N. Our
system will not read amounts from attached statements.
Prorate: On Form 80-205, non-resident or part-year
residents not reporting total income to Mississippi are
entitled to claim that portion of certain adjustments in the
ratio that income from sources within Mississippi (Line 50,
Mississippi Only Income) bears to the total income from all
sources (line 50, Total Income From All Sources). The
ratio determined cannot exceed 100%. Adjustments that
must be prorated are noted in the applicable summaries on
lines 51 through 65.
Example: John and Mary Johnson moved from
Arkansas to Mississippi on military orders in October
of 2023. Together they had $2,000 of
qualified unreimbursed moving expenses. In
completing the return, John and Mary had total
income of $50,000 (line 50, left column) and total
Mississippi income of $20,000 (line 50, right column).
On line 55, moving expense, the $2,000 of qualified
unreimbursed moving expenses is entered in the left
column. On line 55, moving expense, $800 ($2,000 X
(20,000/50,000)) is entered in the right column
(Mississippi column).
Line 50: Payments to an IRA (Line 51, Non- Resident
Return)
You may deduct payments to an IRA to the extent
that such payments are deductible for federal
income tax purposes. Use the worksheet in your
federal income tax instructions to figure your
deduction for payments to an IRA.
Non-Resident Return: See note above
concerning proration.
Line 51: Payments to Self-Employed SEP, SIMPLE,
and Qualified Plans (Line 52, Non-Resident
Return)
You may deduct contributions to Self-Employed
Retirement Plans to the extent that such
contributions are deductible for federal income tax
purposes. If the contributions or any parts thereof
are not deductible for federal income tax purposes,
they are not deductible for Mississippi income tax
purposes.
Non-Resident Return: See note above concerning
proration.
Line 52: Interest Penalty on Early Withdrawal of
Savings (Line 53, Non-Resident Return)
Federal Form 1099-INT given to you by your bank or
savings and loan association will show the amount
of any interest penalty you were charged because
you withdrew funds from your time savings deposit
before its maturity. The amount of such penalty is
deductible.
Line 53: Alimony and Separate Maintenance Paid (Line
54, Non-Resident Return)
Alimony payments you made are deductible to the
extent allowable for federal income tax purposes.
Include the name, social security number, state of
residency of the individual to whom the alimony
was paid and date of divorce. If you paid more
than one individual alimony payments, attach a
supplemental schedule and enter the total on this
line.
Note: Per the Tax Cut and Jobs Act, alimony and
separate maintenance payments are no longer
deductible for any agreement executed or modified
after December 31, 2018.
Non-Resident Return: See note above
concerning proration.
Line 54: Moving Expense (Line 55, Non- Resident
Return)
You may deduct moving expenses as an
adjustment to gross income to the extent allowable
for federal income tax purposes. Attach a copy of
the Federal Form 3903.
Non-Resident Return: See note above
concerning proration.
Line 55: National Guard and Reserve Pay (Line 56,
Non- Resident Return)
Enter the lesser of the National Guard or Reserve
pay or the $15,000 statutory exclusion per
taxpayer. Report National Guard or Reserve pay
on line 55 (line 56, Non-Resident Return).
Line 56 and Line 57: MPACT - Mississippi Prepaid
Affordable College Tuition Program
AND/OR MACS - Mississippi Affordable
College Savings (Line 57 and Line 58, Non-
Resident Return)
Enter the prepaid tuition contract (MPACT)
costs you paid during 2023 to the Mississippi
14
Department on behalf of a student beneficiary
and/or the amount contributed to a MACS
Program account on behalf of a qualified
beneficiary. Under the MACS Program, the
maximum annual contribution deductions are
$20,000 for joint filers and $10,000 for single
and other filers. Contributions must be made on
or before the deadline for making contributions
to an IRA under federal law for such years (by
the due date of the return, not including
extensions). Only amounts contributed to
these programs are excluded from
Mississippi income.
Line 58: Self-Employed Health Insurance
Deduction (Line 59, Non-Resident
Return)
Enter the amount of the Self-Employed Health
Insurance Deduction you claimed on your
federal income tax return.
Non-Resident Return: See note above
concerning proration.
Line 59: Health Savings Account Deductions (Line
60, Non-Resident Return)
Enter the amount deposited into a health savings
account plus any accrued interest as defined in the
Health Savings Account Act. Any amounts
withdrawn other than for the purpose of paying
qualified medical expenses or to procure health
coverage shall be included in gross income.
Non-Resident Return: See note above
concerning proration.
Line 60: Catastrophe Savings Account
Deductions (Line 61, Non-Resident
Return)
Enter the amount deposited into a catastrophe
savings account plus any accrued interest as
defined in the Catastrophe Savings Account Act. A
taxpayer can have a Catastrophe Savings Account
established to (1) help pay the insurance
deductible under an insurance policy for the
taxpayer's legal residence that covers hurricane,
flood, windstorm, or other catastrophic event
damage, (2) to help pay expenses not covered by
the insurance policy after the deductible is paid,
and (3) to help pay self-insured losses for the
taxpayer's legal residence.
The amount of contributions allowed as a
deduction is subject to the following limitations:
• If insurance deductible is less than or equal to
$1,000, the contribution is limited to $2,000
• If the insurance deductible is greater
than $1,000, the contribution is limited to the
lesser of $15,000 or twice the amount of the
deductible
• For self-insured individuals who choose not
to obtain insurance, the contribution is limited
to $350,000 but may not exceed the value of
the legal residence.
Any amount withdrawn that paid for unqualified
expenses should be reported on Form 80-108, Part
V, Line 3 (Schedule N).
Non-Resident Return: See note above concerning
proration.
Line 61: Self-Employment Tax Deduction (Line 62, Non-
Resident Return)
You may deduct from gross income an amount equal
to fifty percent (50%) of the federal self- employment
taxes imposed. Enter the amount of the self-
employment tax deduction calculated based on what
you claimed on your federal income tax return. If
applicable, the Federal Schedule SE must be
attached to your return.
Non-Resident Return: See note above concerning
proration.
Line 62: First-Time Home Buyer Savings Account (Line
63, Non-Resident Return)
Enter the amount deposited into a first-time home
buyer savings account plus any accrued interest.
Any amount withdrawn that went to pay unqualified
expenses should be reported on Form 80-108, Part V,
Line 2 (Schedule N).
Non-Resident Return: See note above concerning
proration.
Line 63: Agricultural Disaster Program
Compensation (Line 64, Non-Resident
Return)
Enter the amount of compensation received from an
agricultural disaster program.
Non-Resident Return: See note above concerning
proration.
Line 64: Mississippi Achieving a Better Life
Experience (ABLE) Act Deduction (Line 65,
Non-Resident Return)
Enter the amount deposited into an ABLE savings
account. Any amounts withdrawn other than for the
purpose of paying qualified disability-related
expenses shall be included in gross income in the
year of withdrawal. Additional information regarding
ABLE accounts may be obtained by visiting the
Mississippi Department of Rehabilitation website at
www.mdrs.ms.gov/Pages/able-act.aspx.
Non-Resident Return: See note above concerning
proration.
Line 65: Total Adjustments to Gross Income (Line
66, Non-Resident Return)
Add lines 50 through 64 (lines 51 through 65, Non-
Resident Return). If the adjustment to income is not
listed on lines 50 through 64 (lines 51 through 65,
Non-Resident Return), then the adjustment must be
reported on Form 80-108, Schedule N. You must give
a description of the adjustment and enter the figure
as a negative amount. Our system will not read
amounts from attached statements.
15
Line 66: Mississippi Adjusted Gross Income
Subtract line 65 from line 49. Enter the total here
and on line 13, page 1 of Form 80-105.
Non-Resident Return Only (Lines 67 and 68):
Line 67: Total Adjusted Gross Income from ALL
Sources and Mississippi Adjusted Gross
Income
Subtract line 66 from line 50 and carry the
Mississippi Only Income to line 13a. Carry the
Total Income from All Sources to line 13b. These
are the amounts you will use to calculate the ratio
on line 13c. Carry the Mississippi Only Income to
line 16.
Line 68: Total for Married – Filing Combined Return
If you are Married-Filing Combined Return, split
the Mississippi Adjusted Gross income from line
66 according to ownership between Taxpayer
and Spouse. Enter the amounts for Taxpayer and
Spouse on page 1, line 16 of Form 80-205.
NON-RESIDENTS AND PART-YEAR RESIDENTS
Unless otherwise stated, the line item instructions
provided below are generally the same for both the
Resident and the Non-Resident returns; however, lines 13
through 15 differ on the Non-Resident Return from the
Resident Return. The following instructions are specific for
Form 80-205 only.
Lines 13 through 15
In order to complete lines 13 through 15 of Form 80-205,
the Exemption and Deduction (Standard or Itemized) must
be prorated according to the ratio of Mississippi income to
total income of taxpayer and spouse from all sources.
Complete page 2 in order to complete lines 13 through 15.
Non-Resident individuals are allowed the same personal
and additional exemptions authorized for resident
individuals. However, the full amount of the exemptions is
intended for individuals (residents) reporting total income
to Mississippi, regardless of the source.
Mississippi law provides that non-resident individuals not
reporting total income are entitled to a deduction of that
portion of the personal and additional exemptions in the
ratio that income from sources within Mississippi bears to
the total net income from all sources. The ratio
determined cannot exceed 100%.
If the total income of the taxpayers, including husband and
wife, is not reportable to Mississippi, the personal
exemptions must be reduced on an income ratio. Only the
Mississippi income is taxable for Mississippi income tax
purposes, but total income must be declared for the
proration of exemptions and deductions.
If married, with one spouse a resident and the other a non-
resident, the personal exemption of the resident individual
shall be prorated on the same basis as if both husband
and wife were non-residents having net income from within
and without the State of Mississippi.
Part-Year Residents: An individual who is a resident of
Mississippi for only a part of the tax year by reason of either
moving into the state or moving from the state shall be allowed
the same personal and additional exemptions as authorized
for resident individuals. However, the part-year resident shall
likewise prorate his, her, or their personal and additional
exemptions on the same basis as provided above for a non-
resident having net income from within and without the state.
Standard Deduction: Proration of the standard deduction is
required of non-residents and part-year residents for the same
reasons and subject to the same limitations as described
above. If you elect to claim the standard deduction, in lieu of
itemizing personal deductions (Schedule A), and your total
income is not taxable for Mississippi income tax purposes, it
is necessary to prorate the deduction.
Itemized Deductions: Proration of the itemized deductions is
required of non-residents and part-year residents for the same
reasons and subject to the same limitations as described
above. If you elect to claim itemized personal deductions
(Schedule A) in lieu of claiming the standard deduction, and
your total income is not taxable for Mississippi income tax
purposes, it is necessary to prorate the deduction. Mississippi
part-year residents are authorized to claim only the itemized
deduction expenses incurred while a Mississippi resident.
Mississippi taxes and gaming losses must be subtracted
from Mississippi itemized deductions.
Line 13a: Mississippi Adjusted Gross Income
Complete the Schedule of Income on page 2 of
your return to compute your total Mississippi
income. Enter the amount from the “Mississippi
Income Only” column on page 2, line 67.
Line 13b: Total Adjusted Gross Income
Enter the amount for the adjusted “Total Income
From All Sources” on page 2, line 67. An
adjustment claimed on this line requires an
attachment of a schedule or other detailed
explanation of the adjustment.
Line 13c: Ratio
Divide the amount on line 13a by the amount on
line 13b and enter the result here. The ratio or
percentage cannot exceed 100%. This is the
percentage or ratio you will use to prorate the
allowable deductions (line 14) and exemptions
(line 15).
Line 14a: Itemized Deductions or Standard Deductions
You may choose to either itemize individual non-
business deductions or claim the standard
deduction for your filing status, whichever
produces the greater tax benefit. Refer to the
table
on
page
6
for
the
standard
deduction amounts allowed.
Enter the amount of your standard deduction or
itemized deductions on this line. Non-resident
and part-year resident individuals must prorate
their itemized or standard deductions in the ratio
of Mississippi income to total income from all
sources.
Line 14b: Mississippi Itemized or Standard Deduction
16
FORM 80-107
FORM 80-108
Multiply the amount on line 14a by the ratio on
line 13c and enter the total here. This is your
allowable deduction amount. Carry this total
to line 17.
Line 15a: Total Exemption
Enter the amount of exemption claimed on
line 12. If filing Married - Filing Separate, use
half the amount reported on line 12.
Line 15b: Mississippi Exemption
Multiply the amount on line 15a by the ratio on
line 13c and enter the total here. This is your
allowable exemption amount. Carry this
amount to line 18.
Do not include W-2G income or withholding on this
form. Form 80-107, Income/Withholding Tax Schedule,
is a summary of all Mississippi taxable income and
withholding information, which includes any W-2(s)
and/or 1099(s) you received. You must complete this
form even if you have no Mississippi withholding. If
more than four W-2(s) and/or 1099(s) were issued to you,
attach as many additional Form 80-107s as needed. All
original W-2(s) and/or 1099(s) must be attached to
the return. Please include Form 80-107 with all amended
individual income tax returns filed.
Note: Gambling winnings reported on a W-2G, 1099, or
other informational return from Mississippi casinos are
subject to a three percent (3%) non-refundable income
tax. The casinos withhold the tax at the time of payout.
The amount withheld is non-refundable to the taxpayer.
Section 27-7-901 of the Mississippi Code provides that the
amount of winnings reported on the W-2G, 1099 or other
informational return from Mississippi casinos are not
included in Mississippi income and no income tax credit is
allowed for the amount of withholding.
A non-resident taxpayer with only Mississippi gambling
winnings and/or losses should not file a Mississippi tax
return. The document provided by the casino is considered
the income tax return for this type of Mississippi income
and therefore is proof that the tax was paid to Mississippi.
Information for completing Schedule A is transferred from
Federal Form 1040 Schedule A. If you filed your federal
return using the standard deduction and wish to itemize
deductions for Mississippi purposes, please use the
Federal Form 1040 Schedule A as a worksheet and
transfer the information from the specific lines indicated to
the Mississippi Schedule A.
SCHEDULE A – ITEMIZED DEDUCTIONS
Individual taxpayers may elect to either itemize their
individual nonbusiness deductions or claim a standard
deduction. If your itemized personal deductions are greater
than the standard deduction for your filing status (see
instructions for line 14), it will be to your advantage to complete
and file Schedule A. If the standard deduction for your filing
status is greater than the amount of itemized deductions you
can substantiate, it is to your advantage to claim a standard
deduction.
Line 1:
Federal Adjusted Gross Income
Enter the amount reported on Federal Form 1040,
line 11.
Lines 2a through 2c: Medical and Dental Expenses
The instructions included with your federal return
should be used in determining your medical
deduction. You should base your 7.5% limitation, line
2b, on your federal adjusted gross income from your
federal income tax return. Enter the amounts from
Federal Form 1040, Schedule A. Subtract 7.5% of
Federal AGI on line 2b.
If line 2b is more than line 2a, enter zero on line 2c.
Lines 3a through 3c: Taxes Paid
State income taxes paid or any other taxes
allowed in lieu of federal purposes including
withholding taxes on Mississippi gaming
winnings, are not deductible as an itemized
deduction. These amounts should be subtracted on
line 3b. Also, you cannot deduct federal income tax
or Social Security tax. Enter the amounts from
Federal Form 1040, Schedule A (Section 27-7-
17(3)(a)(i)).
Note: Per the Tax Cuts and Jobs Act, there is a
$10,000 limitation ($5,000 if married filing
separately) on this deduction.
Line 4:
Interest Paid
Federal income tax limitations with regard to
interest expense apply fully to Mississippi income
tax. Enter only interest expense deductible for
federal income tax purposes. Enter the amount from
Federal Form 1040, Schedule A.
Line 5:
Charitable Contributions
You can deduct contributions to organizations that
are religious, charitable, educational, scientific, or
literary in purpose. The amounts you deduct are
subject to the federal limitations. Enter the amount
from Federal Form 1040, Schedule A.
Line 6:
Casualty and Theft Losses
Casualty and theft losses are only allowable for
losses attributable to federally declared disaster
areas. A casualty or theft loss is computed on the
same basis and subject to the same limitations as
provided under federal law. Use federal
instructions included with your federal tax return to
determine the amount loss. Federal Form 4684
must be attached. Enter the amount from Federal
Form 1040, Schedule A.
Lines 7a through 7c: Other Miscellaneous Deductions
Other miscellaneous expenses not subject to the
2% federal
adjusted
gross
income
limit
are
17
deductible on line 7. Refer to federal instructions
to determine type and amount. Enter the
amount from Federal Form 1040, Schedule A.
Mississippi gaming losses are not
deductible and should be subtracted on line
7b.
Line 8:
Mississippi Itemized Deductions
Add the total amounts for lines 2 through 7 (2c,
3c, 4, 5, 6 and 7c).
SCHEDULE B – INTEREST AND DIVIDEND
INCOME
Report any interest you received or that was credited to
your account so you could withdraw it. Examples are
interest on savings or other bank accounts, interest on a
promissory note, a mortgage, or a corporate bond or
debenture, interest on state obligations other than the
State of Mississippi or subdivisions thereof, etc. Interest
income from obligations of the United States Government
and the State of Mississippi and subdivisions thereof is
exempt.
Line 1:
Interest Income
Enter the total amount of interest income
reported on Federal Form 1040, Schedule B,
line 2.
Line 2:
Amount of Mississippi Non-taxable Interest
Enter the amount of Mississippi non-taxable
interest received on obligations of the United
States or Mississippi or political subdivision
from line 1.
Line 3: Total Mississippi Interest
Subtract line 2 from line 1. Enter the total here
and on Form 80-105, line 43 or Form 80-205,
line 44.
Dividend Income
Report all dividend income received regardless of
the amount. Include cash and the value of stock,
property or merchandise you received as a dividend.
The payer should send you a Form 1099-DIV.
Dividends Include:
• Ordinary dividends - See Form 1099-DIV, Box 1a.
• Qualified dividends – See Form 1099-DIV, Box 1b.
• Nontaxable distributions – Some distributions are
non-taxable because they are a return of your cost.
They will not be taxed until you recover your cost.
You must reduce your cost by these distributions.
After you recover your cost, you must report these
dividends as capital gains.
Note: For capital gain distributions reported on Form
1099- DIV, if you have other capital gains or losses,
enter your capital gain distributions on Federal
Schedule D. If you do not need Federal Schedule D
to report any other gains or losses, report capital gain
distributions on line 40 of Form 80-105 or line 41 of
Form 80-205.
Line 4:
Total Dividend Income
Enter the total amount of dividend income received.
Line 5:
Amount of Nontaxable Distributions
Enter the amount of distributions included in line 4
above which would not be taxable for Mississippi
purposes (for example, interest on federal
obligations included with dividends reported).
Line 6:
Dividends for Mississippi
Subtract line 5 from line 4. Enter the result on
Form 80-105, lines 44 or Form 80-205, lines 45.
SCHEDULE N – OTHER INCOME (LOSS) AND
SUPPLEMENTAL INCOME
Schedule N is used to report income or loss not reflected
elsewhere on this return such as Non-Mississippi gambling
winnings, prizes and awards, net operating loss carry
forwards, etc. Explain the nature and source of each income or
loss item. If the adjustment to income is not listed in lines 50
through 64 (lines 51 through 65, Non-Resident Return), then
the adjustment must be reported on Schedule N. You must
give a description of the adjustment and enter the figure as a
negative amount. The system will not read amounts from
attached statements.
Attach an explanation of your entries for this line. Additional
items that may also be reported here on Schedule N are:
• Any amount withdrawn from a first-time home buyer
savings account that was for unqualified expenses
(enter on line 2).
• Any amount withdrawn from a Catastrophe Savings
Account that was for unqualified expenses (enter on
line 3).
• Any unreimbursed cost of travel, lodging and lost
wages an individual incurred as a result of, and
related to, the donation, while living, of one or more of
his or her organs for human organ transplantation are
deductible from gross income. This deduction may
only be claimed once and may not exceed Ten
Thousand Dollars ($10,000.00).
• Any differences between federal and state taxable
income. Attach a copy of Form 80-108 to your return.
ALL INDIVIDUALS FILING FEDERAL SCHEDULES C, C-
EZ, E, AND/OR F MUST INCLUDE A COPY OF EACH
SCHEDULE AND MUST COMPLETE THIS SCHEDULE.
18
General restrictions exist on the use of income tax
credits on a Mississippi individual income tax return.
Most often these credits will be passed through from an
entity filing a Mississippi Partnership or S Corporation
tax return.
The following will show the maximum credit allowed.
Some of the credits do allow the unused portion to be
carried forward for a period of time. If a taxpayer has
more than one credit and/or more than one type of
credit, the credits may be used in any sequence so as to
obtain the greatest tax savings. Form 80-401 must be
attached to your income tax return. If more than four
income tax credits are claimed, attach a supplemental
schedule and enter the total on line 1 of Form 80-401.
Ad Valorem Inventory Tax Credit
For the 2016 taxable year and each taxable year
thereafter, the tax credit of the taxpayer shall be the lesser
of the amount of the ad valorem taxes paid or the
amount of income taxes due that are attributable to each
location. This credit can be acquired in two ways, the first
would be from a pass-through entity and the
second from a business whose income is being
reported using a Schedule C in the individual tax return
(if the credit is from a Schedule C then attach a copy of
the ad valorem tax bills). This credit is calculated as
follows: multiply the net income passing through from
the entity or the income off the Schedule C by the
effective tax rate/rates. Any unused credit may be
carried over for five years. Any expenses on which the
credit is calculated must be added back to taxable
income.
Jobs Tax Credit; National or Regional Headquarters
Credit; Research and Development Skills Credit
These credits combined are limited to 50% of the
income tax that is attributable to income derived from
operations in the state for a year. The allowable credit is
calculated as follows: multiply the net income passing
through from the entity by the effective tax rate/rates;
then multiply by the 50% limitation. Any unused credit
may be carried over for 5 years.
Reforestation Tax Credit
The reforestation tax credit is based on the costs
incurred for certain approved reforestation practices
and is equal to the lesser of fifty percent (50%) of
the actual cost of approved practices, or fifty percent
(50%) of the average cost of approved practices as
established by the Mississippi Forestry Commission.
The maximum amount of credit that may be utilized in
any one (1) taxable year shall not exceed the lesser of
$10,000.00 or the amount of income tax imposed
upon the eligible owner for the taxable year reduced by
the sum of all other credits allowable to the eligible
owner (except for withholding credits, estimated tax
payments, and/or credit for tax paid to another state).
The maximum dollar amount of credit that may be
utilized
by
an
eligible
owner
during
his
lifetime
is
$75,000.00 in the aggregate. Any unused portion of the
credit may be carried forward to succeeding tax years
until the maximum lifetime limit of $75,000.00 has been
reached. Generally, reforested acreage on which the
eligible owner receives any state or federal cost share
assistance funds to defray the cost of an
approved reforestation
practice
is
not eligible for the
credit, unless the eligible owner's adjusted gross income is
less than the federal earned income credit level. Any
expenses on which the credit is calculated must be added back
to taxable income.
Child Adoption Credit
An income tax credit is available up to $5,000.00 for
dependent child residing outside of Mississippi before adoption
and up to $10,000.00 for dependent child residing in
Mississippi before adoption for qualified adoption expenses paid
or incurred during the tax year for each child legally adopted by a
taxpayer. The credit may be claimed for the tax year in which
the adoption becomes final and any unused credit may be
carried forward for five (5) years.
Historic Structure Rehabilitation Credit
An income tax credit is available in an amount equal to twenty-
five (25%) of the total costs and expenses in rehabilitating
eligible property certified as a historic structure or structure in a
certified historic district. The taxpayer may elect to claim a
rebate of seventy-five (75%) of the amount that would be
eligible to claim in lieu of claiming the credit. The rebate shall be
subject to approval by the Department of Archives and History
and shall be redeemed with the Department of Revenue for an
immediate cash payment. A taxpayer claiming a credit instead
of a rebate shall claim the credit on the income tax return for
the tax year for which the credit is certified. Not-for profit entities
are not eligible for this credit. The Mississippi Department of
Archives and History is responsible for certifying the amount of
the eligible costs and expenses and whether the rehabilitation is
consistent with set standards. Once you have received
certification of eligibility from MDAH, the certification should be
attached to the income tax return on which the credit is claimed.
A taxpayer may elect to claim a historical rehabilitation rebate in
lieu of claiming a tax credit by allowing the election to be made
at any time after the certification of the rebate. If the taxpayer
has utilized a tax credit on an income tax return prior to making
an election to claim a rebate, then the available rebate will be
reduced by the amount of credit utilized.
Long Term Care Credit
A credit is available against individual income taxes for
premiums paid during the taxable year for certain qualified
long-term care insurance policies as defined in Section 7702B of
the Internal Revenue Code. The credit available is twenty-five
percent (25%) of premiums paid during the taxable year not to
exceed $500.00 or the taxpayer’s income tax liability,
whichever is less for each individual qualified long-term care
insurance policy. No carry forward is allowed for any unused
portion. If more than one person is carried on the same policy,
credit is only available for that one policy.
Wildlife Land Use Credit
A state income tax credit is allowed that provides a $5.50 per
acre tax credit for certain taxpayers that allow land to be used as
a natural area preserve, wildlife refuge, wildlife management
area or public outdoor recreation area. Land must first be
approved to be suitable for the uses listed above by the
Mississippi Commission on Wildlife, Fisheries and Parks. Any
unused credit amount may be carried forward for five (5) years
from the close of the taxable year in which the land was
approved for such a use.
INCOME TAX CREDITS
19
Prekindergarten Credit
A credit is available for qualified prekindergarten
program support contributions paid to approved
providers, lead partners or collaboratives not to exceed
One Million Dollars ($1,000,000.00) by any individual,
corporation or other entity having taxable income during
any calendar year. In order to qualify for this credit, the
amount of the qualified prekindergarten program support
contributions paid shall be approved by the State
Department of Education. Any unused portion of the
credit may be carried forward for three (3) years.
Qualifying Charitable Contribution Credit Approved
by DOR
A credit is available for donations made to a
qualifying charitable organization which is defined as an
organization exempt under Section 501(c)(3) of the
Internal Revenue Code or a designated community
action agency that receives community services block
grant program monies pursuant to 42 USC 9901.
Starting with 2023 tax year, the credit is the lesser
of one thousand two hundred dollars ($1,200.00) or
the amount of contribution in any taxable year for a
single individual, or the lesser of two thousand four
hundred dollars ($2,400.00) or the amount of the
contribution in any taxable year for a married couple
filing a joint return. If a married couple chooses to
file separate returns for a taxable year, each may
claim only one-half (1/2) of the tax credit that would
have been allowed for a joint return. This credit is in
lieu of the charitable contribution deduction claimed on
Form 80-108 (Federal Schedule A).
Starting with 2023 tax year, this credit is available
against ad valorem taxes. The amount of the credit
is limited to an amount not to exceed fifty percent (50%)
of the total ad valorem tax liability of the taxpayer. Any
unused credit amount for income tax or ad valorem tax
may be carried forward for five (5) consecutive
taxable years. The total amount of tax credits that may
be allowed in any calendar for this credit and the
Foster Care Charitable Credit shall not exceed one
million dollars ($1,000,000.00). For more information
on how to claim the credit visit www.dor.ms.gov/
charitable-contribution-credits.
Qualifying Foster Care Charitable Credit Approved
by DOR
A credit is available for donations made to a qualifying
foster care charitable organization which is defined as an
organization that each operating year provides services to
at least one hundred (100) qualified individuals in this
state and spends at least fifty percent (50%) of its budget
on services to qualified individuals in this state. The
organization must be exempt under Section 501(c)(3) of
the Internal Revenue Code. Starting with 2023 tax
year, the credit is the lesser of one thousand five
hundred dollars ($1,500.00) or the amount of the
contribution in any taxable year for a single individual or
the lesser of three thousand dollars ($3,000.00) or the
amount of the contribution in any taxable year for a
married couple filing a joint return.
If a married couple chooses to file separate returns for a taxable
year, each may claim only one-half (1/2) of the tax credit that
would have been allowed for a joint return.
This credit is in lieu of the charitable contribution deduction
claimed on Form 80-108 (Federal Schedule A). A copy of the
letter issued by the charitable organization must be attached to
the return.
Starting with 2023 tax year, this credit is available against
ad
valorem
taxes.
The
amount
of
the credit
is limited
to an amount not to exceed fifty percent (50%)
of the total ad valorem tax liability of the taxpayer. Any
unused credit amount for income tax or ad valorem tax may
be
carried
forward
for
five
(5)
consecutive
taxable
years. The total amount of tax credits that may be allowed in
any calendar year for this credit and the Charitable Contribution
Credit
shall
not exceed
one million
dollars
($1,000,000.00). For
more
information
on
how
to
claim
the credit visit www.dor.ms.gov/charitable-contribution-
credits.
Business Contributions to Eligible Charitable Organizations
Credit
A credit is available for donations made to a qualifying
charitable organization which is defined as an organization
exempt under Section 501(c)(3) of the Internal Revenue
Code. The credit is available to a business enterprise
engaged
in
commercial, industrial, or professional
activities and operating as a corporation, limited
liability company, partnership, or sole proprietorship. This
credit is in lieu of the charitable contribution deduction and is
also available against ad valorem taxes. The credit is limited
to 50% of the total tax liability. Any unused credit amount
for income tax or ad valorem tax may be carried forward for
five (5) consecutive taxable years. For more information
on how to claim the credit visit www.dor.ms.gov/charitable-
contribution-credits.
Endowment Fund Charitable Credit
A credit is available for charitable gifts made by taxpayers to
endowed funds held by community foundations in
Mississippi, which is defined as an entity that is exempt from
federal income taxation under Section 501(c)(3) of the Internal
Revenue Code that is recognized by the Mississippi
Association of Grantmakers as meeting certain requirements.
“Endowed fund” is defined as a fund held in a qualified
community foundation that provides benefit to charitable
causes in Mississippi that is intended to exist in perpetuity. An
endowed fund my include, but is not limited to, donor-advised
funds, community foundation affiliate funds, field-of-interest
funds,
agency
funds
and designated organizational funds.
A credit is allowed in an amount equal to twenty-five
percent (25%) of a qualified contribution to an endowed
fund at a qualified community foundation, subject to the
following (as defined in §27-7-207): The minimum amount
of a qualified contribution shall be one thousand dollars
($1,000.00). The maximum amount of a qualified contribution
shall be five hundred thousand dollars ($500,000.00). The
total qualified contributions from any qualified taxpayer
eligible for the tax credit shall be two hundred thousand dollars
($200,000.00) per year. The aggregate amount of tax
credits
shall
not
exceed
one
million
dollars
($1,000,000.00) in any one (1) calendar year.
20
Pregnancy Resource Charitable Contribution Credit
A credit is available for voluntary cash contributions by
certain taxpayers to eligible charitable organizations, which is
defined as an organization that is exempt from federal
income taxation under Section 501(c)(3) of the Internal
Revenue Code and is a pregnancy resource center or crisis
pregnancy center that certifies no more than twenty percent
(20%) of the contributions received will be spent on
administrative purposes and that files annually with the
Secretary of State the organization's publicly available
Internal Revenue Service filings. The credit is available to a
business enterprise engaged in commercial, industrial, or
professional activities and operating as a corporation, limited
liability company, partnership, or sole proprietorship. This
credit is in lieu of the charitable contribution deduction.
Starting with 2023 tax year, this credit is available against ad
valorem taxes. The credit is limited to 50% of the total tax
liability. Any unused credit amount for income tax or ad
valorem tax may be carried forward for five (5) consecutive
taxable years. For more information on how to claim the
credit visit www.dor.ms.gov/charitable-contribution-credits.
Railroad Infrastructure Tax Credit
A credit is available for certain new, reconstruction and
replacement expenditures made by Class II and Class III
railroads. The credit is limited to the income tax due.
Any unused portion of the credit may be carried forward for
five (5) years. The total amount of credits that may be
claimed by all taxpayers shall not exceed $8,000,000 during a
calendar year.
A taxpayer may transfer by written
agreement any unused tax credit to an eligible transferee at
any time during the year in which the credit is earned and
five (5) years follow the year in which the credit is earned.
Blood Donation
A credit is available for an employer of $20 for each verified
blood donation made by an employee as part of a blood
drive. The credit is limited to the income tax due. No carry
forward is allowed for any unused portion.
Transitional Home Charitable Contribution Credit
A credit is available for voluntary cash contributions by
certain taxpayers to eligible transitional home organizations.
The credit is available to an individual and a business
enterprise engaged in commercial, industrial, or professional
activities and operating as a corporation, limited liability
company, partnership, or sole proprietorship. This credit is in
lieu of the charitable contribution deduction and is also
available against ad valorem taxes. The credit is limited to
50% of the total tax liability. Any unused credit amount for
income tax or ad valorem tax may be carried forward for five
(5) consecutive taxable years. For more information on how
to claim the credit visit www.dor.ms.gov/charitable-
contribution-credits.
Low-Income Health Care Services Charitable Contribution
Credit
A credit is available for voluntary cash contributions by
certain taxpayers to eligible charitable organizations that
contract with physicians and/or nurse practitioners to provide
health care services to low-income residents of Mississippi.
The credit is available to an individual and a business
enterprise engaged in commercial, industrial, or professional
activities and operating as a corporation, limited liability
company, partnership, or sole proprietorship. This credit is in
lieu of the charitable contribution deduction and is also available
against ad valorem taxes. The credit is limited to 50% of
the total tax liability. Any unused credit amount for income tax
or ad valorem tax may be carried forward for five (5)
consecutive taxable years. For more information on
how to claim the credit visit www.dor.ms.gov/
charitable-contribution-credits.
Dependent Care Credit
A credit is available for individuals claiming a federal
income tax credit for certain dependent care expenses.
The credit is equal to twenty five percent (25%) of the
amount of the federal income tax credit claimed on the
taxpayer's federal income tax return. The tax credit is
limited to the total income tax liability. In order to claim the
credit, the taxpayer must claim the federal credit on their
federal income tax return and must have a federal adjusted
gross income of not more than fifty thousand dollars
($50,000).
Food Bank Charitable Contribution Credit
A credit is available for voluntary cash contributions
by certain taxpayers to eligible charitable organizations that
are purchasing, warehousing and delivering food directly to
food pantries or soup kitchens in more than five
(5) Mississippi counties on a monthly basis. The credit
is available to a business enterprise engaged in
commercial, industrial, or professional activities and
operating as a corporation, limited liability company,
partnership,
or
sole proprietorship.
This
credit
is
in
lieu
of
the
charitable contribution
deduction.
This
credit
is available against ad valorem taxes. The credit is
limited to 50% of the total tax liability. Any unused credit
amount for income tax or ad valorem tax may be carried
forward for five (5) consecutive taxable years. For more
information on how to claim the credit visit www.dor.ms.gov/
charitable-contribution-credits.
21
WHO MUST SIGN?
TAX PAYMENTS
INSTALLMENT AGREEMENT
GENERAL INFORMATION
The Department of Revenue offers several electronic filing
methods to make filing returns easier. The advantages of filing
electronically are:
1.
Faster
2.
Convenient
3.
Easier
4.
More accurate
5.
Some are even FREE!!!
Federal/State Electronic Filing Program: Your professional
tax practitioner can file both your federal and state returns by
using the E-File program. Returns are more accurate, and
refunds are much faster when you file electronically. An
approved transmitter must sign Form 80-115 (MS8453),
Mississippi State Declaration for Electronic Filing. Ask your
tax preparer about electronic filing!
Federal/State On-Line Filing Program: You can file your
tax return from the convenience of your home computer by
purchasing a computer program from a store or the internet.
Visit our website at www.dor.ms.gov for additional information
on how to file Mississippi returns on-line and how to access
approved on-line software providers.
Updates to the Electronic Filing Program and other updated
filing information can be accessed through our website at
www.dor.ms.gov. The Department of Revenue notifies your
transmitter that your return has been received and accepted.
Direct Deposit: Have your tax refund deposited directly into
your checking or savings account. This is available for
Individual Income Tax Returns that are filed using the E-File
Program. Returns must be filed electronically through an
approved tax preparer or through an on-line service provider.
Ask your tax preparer about direct deposit or visit our website
at www.dor.ms.gov for more information.
If you electronically file a complete and accurate return,
your refund may be issued in 7 to 10 business days.
Taxpayer Access Point (TAP): TAP provides online access
to your tax account information 24 hours a day, 7 days a week.
TAP is free and convenient!
Users of TAP are able to:
• make electronic payments
• view recent account activity and history
• view tax correspondence
• make address changes
Your SSN/ITIN, Mississippi Adjusted Gross Income (AGI)
from your latest filed return, and your email address will be
needed to sign up for access to your account on-line.
Third Party Access for Tax Practitioners: Tax practitioners,
you can have TAP access to account information for each of
your clients from one login. First, create your own TAP account
(only one per FEIN). Once you are registered on TAP, select
"Add Access to Existing Account”. Your client (taxpayer) must
provide you the Letter ID and Account ID in order for you to
have access to their accounts. All accounts you set up for
third party access are found under the "Other Taxpayers'
A
ccounts" tab in TAP. For more information on TAP, visit our
website at www.dor.ms.gov.
You must sign your tax return. The return is not considered
legal until you sign and date it. If you and your spouse are filing
a joint or combined return, both of you must sign even if only
one had income. If your return was prepared by someone else,
that person must sign the return as the preparer. No refunds
will be made unless the return is properly signed.
The total tax due on the return must be paid in full no later than
the 15th day of the 4th month after the end of the tax year.
Payment Options:
•
On-line Payments: To pay on-line, go to www.dor.ms.gov,
click on Taxpayer Access Point (TAP) and follow the
instructions. Users are able to make estimated payments
on-line without a DOR account or a TAP login.
•
Check or Money Order Payments (Payments Not
Submitted with the Return): To pay by check or money
order, complete the payment voucher (Form 80-106),
make the check or money order payable to the Department
of Revenue and mail both to P.O. Box 23192 Jackson, MS
39225-3192. Write your identification number on the check
or money order. DO NOT send cash through the mail.
An installment agreement is available to taxpayers that have a
tax liability of at least $75.00. In order to qualify for the
installment agreement, the return must be filed on or before the
due date, or any extensions allowed, and Form 71-661 must be
submitted with the return. You (and your spouse if a joint return)
must have filed all required income tax returns and paid all taxes
due for the past five (5) years. You also cannot have
previously entered into an installment agreement during
the past five (5) years.
There are two (2) types of installment agreements for
taxpayers that have a tax liability:
1)
Tax liability of $75.00 but no more than $3,000.00 - The
installment agreement allows you to pay the amount due in
twelve (12) equal monthly installments.
2)
Tax liability exceeding $3,000.00 and an installment
agreement with the Internal Revenue Service (IRS) for the
same tax year. The installment agreement allows you to pay
the amount due in sixty (60) equal monthly installments.
You must attach a copy of the approved installment
agreement notification from the IRS. The agreement may
be terminated if any installment payment is not made timely.
It may also be terminated if you do not pay any other tax
liability when the liability is due.
Interest at t
he rate of 1/2% per month continues to accrue
during the installment agreement period. You will need to
ELECTRONIC FILING
22
DECLARATION OF ESTIMATED TAX
INTEREST AND PENALTY PROVISIONS
ROUND TO THE NEAREST DOLLAR
WHAT TAX RECORDS DO I NEED TO KEEP?
TAX RATES
AMENDED RETURN
contact our office for the remaining balance on the account
prior to the last payment to ensure the interest is paid correctly.
If you have a pending bankruptcy case, you may be barred by
federal law from participation in an installment agreement.
Please contact our office for more details. Additionally, if you
file bankruptcy during the installment period, you must notify
our Bankruptcy Section immediately at (601) 923-7393. Due
to the automatic stay provisions of the U.S. Bankruptcy Code,
the installment agreement may be void at the time you file your
bankruptcy case.
Generally, you must file a Declaration of Estimated Tax, Form
80-106, for the income tax year if you do not have at least 80
percent (80%) of your annual Mississippi income tax liability
prepaid through withholding and if your annual tax liability
exceeds $200.00.
Quarter
Due Date
First Quarter
April 15th
Second Quarter
June 15th
Third Quarter
September 15th
Fourth Quarter
January 15th
Estimate payments may be filed on-line through TAP. From
the TAP home page, click on “Make an Estimated Payment”.
Your name, SSN/ITIN and contact information will be needed
in order to make an estimated payment.
Underestimating the required amount of tax or failure to file
estimated tax returns and pay the tax within the time prescribed
will result in an assessment of interest at the rate of 1/2% per
month on underpayment of tax from the date payment is due
until paid (see exception below). Form 80-320, Interest and
Penalty Worksheet should be used to determine the amount of
underestimated interest due.
Exceptions: You will not have to pay the underestimated
interest if either of the following applies:
• Gross income from farming or fishing is at least two-thirds of
total gross income and (a) the estimate tax paid by the 15th
day of the first month after the close of the income year or
(b) the income tax return is filed by the first day of the third
month following the close of the income year and tax shown
as due is paid.
• Filing requirements met after the payment due date.
Compute the interest in the applicable columns and provide
the explanation on page 2 of Form 80-320.
• First-time Home Buyer Penalty: The first-time home buyer
penalty will be imposed if money is withdrawn from a
savings account for any purpose other than payments of
eligible cost. The penalty is 10% of the amount withdrawn for
unqualified expenses (using the amount from Form 80-108,
Part V, Schedule N, Line 2).
• Late Payment: Interest and penalty are charged on taxes
paid late even if an extension of time to file is granted. The
interest is at the rate of 1/2% per month from the due date until
paid. The penalty imposed for failure to pay the tax when due
is 1/2% per month not to exceed 25% in the aggregate. Late
payment interest and penalty apply to any unpaid tax after
April 15th.
• Failure to File: The penalty for failure to file a return is
imposed after October 15th. The penalty is 5% per month
not to exceed 25% in the aggregate. The penalty is based
on the balance due on the return. Such failure to file a return
penalty shall not be less than $100.00.
All dollar amounts should be rounded to the nearest whole dollar
(no pennies). Round down to the next lower dollar amounts
under $.50 and round up to the next higher dollar amounts of
$.50 and over. For example, $2.15 becomes $2.00, $4.75
bec
omes $5.00, and $3.50 becomes $4.00.
Keep a copy of your return with all attachments. Also, keep the
original or a copy of any schedules or statements you used to
prepare your return. Keep your records that support items of
income or deductions appearing in a tax return until the statute
of limitations for the return expires. The statute of limitations is
generally three (3) years from the date the return was due or
filed, whichever is later.
Save any records concerning property, home, stocks, and
business property you bought and may sell later. The records
kept should show the purchase price, date, and related cost.
For real property, keep records showing the cost and date of
improvements.
Your return may be audited by the IRS or the Department of
Revenue. If audited, the law requires you to show proof of your
income, expenses, and cost of assets. In the case of an audit
by the IRS, the statute of limitations for adjusting income tax
returns is extended for three (3) additional years beginning with
the date the audit is disposed of by the IRS.
Income Tax: 0% on the first $10,000.00 of taxable income
and 5% on taxable income in excess of $10,000.00.
File an amended return to:
• make adjustments to tax
• claim a refund due to an adjustment to tax
• report federal adjustments (1040X)
• report IRS audit adjustments
When to File: A taxpayer may apply to the Commission for
revision of any return filed at any time within 3 years of the due
date; or, if an extension was granted, 3 years from the date the
return was filed. The 3-year period is not applicable to an IRS
audit; however, no additional assessment or refund will be
made more than three (3) years after the date the IRS disposes
of the tax liability in question.
Internal Revenue Service Audit (RAR): To document
adjustments made as a result of an IRS audit, the Revenue
Agent Report should be attached to the Mississippi amended
23
TELEPHONE ASSISTANCE
DISTRICT SERVICES OFFICES
return. If the amended return is filed within 30 days of the
finalized IRS audit, penalties will not be assessed.
Amended Federal: To document adjustments made as a
result of an amended federal return, a copy of the amended
federal (Form 1040X) should be attached to the amended
Mississippi return.
Any other documentation and forms supporting the
adjustments made, such as wages and withholding
(Form 80-107) and Schedule A itemized deductions
(Form 80-108) must also be filed with the amended
Mississippi return. A copy of the original return filed
must also be attached to the amended return.
If you are a survivor or representative of a deceased taxpayer,
you must file a return for the taxpayer who died during the tax
year or before the 2023 return is filed. A return for the
deceased taxpayer should be filed on the form which would
have been appropriate had he or she lived. Enter the word
"deceased" and the date of death after the decedent's name
on the return. Include the decedent’s social security number
in the space provided. If this is a Married Filing Joint
return, the surviving spouse must file as the primary
taxpayer.
If a refund is requested on the decedent's return,
the survivor may need to give to the bank a completed
affidavit attesting to the fact that he or she is the rightful
heir to the decedent's refund of Mississippi income tax. The
Statement of Heirship, Form 80-699, may be obtained
from the Department of Revenue by contacting Customer
Service at (601) 923-7700.
REFUND INFORMATION
Due to the increase in fraudulent activity, the Department has
implemented additional procedures and safeguards into our
return processes in an effort to mitigate potential fraud. These
processes will validate income tax returns and credits reported
prior to issuing requested refunds. As a result, these additional
procedures may cause a delay in refund processing in order to
ensure that the right refunds are being paid to the right
taxpayers.
Information about your refund can be accessed by visiting
www.dor.ms.gov and clicking on “Where’s My Refund?” 24
hours a day. The following information is required to get
information concerning your refund:
• The primary filer’s social security number or ITIN
• The tax year for which the refund is requested
• Mississippi AGI from the most recent individual income
tax return
CONTACT US
Taxpayer assistance is available between 8:00 a.m. and 5:00
p.m. Monday through Friday by calling the Department of
Revenue or any of the District Offices. Please use the correct
number listed for information. Collect calls are not accepted.
Taxpayer Assistance ...........................................(601) 923-7700
During periods of peak demand for telephone assistance, you
may encounter busy signals when trying to call.
We apologize for any inconvenience and ask for your
patience.
Refund information is also available by phone 24 hours a day.
You will need your Social Security Number to get information
about your refund.
Refunds ................................................................. (601) 923-7801
Gulf Coast District Service Office
1141 Bayview Ave., Ste. 400
Biloxi, MS 39530-1601
Phone: (228) 436-0554
Fax: (228) 436-0964
Hattiesburg District Service Office
P.O. Box 1709, Hattiesburg, MS 39403-1709
17 JM Tatum Industrial Dr., Ste. 2 Hattiesburg, MS 39401
Phone: (601) 545-1261
Fax: (601) 584-4051
DEATH OF A TAXPAYER
24
Hernando District Service Office
2631 McIngvale Road, Suite 116
Hernando, MS 38632
Phone: (662) 449-5150
Fax: (662) 449-5163
Jackson District Service Office
P.O. Box 1033, Jackson, MS 39215-1033
500 Clinton Center Dr., Clinton, MS 39056
Phone: (601) 923-7300 Fax: (601) 923-7318
Meridian District Service Office
P.O. Box 5794, Meridian, MS 39302
900 A Highway 19 South Meridian, MS 39301
Phone: (601) 483-2273
Fax: (601) 693-2473
FAQs
The following is intended to provide general information
concerning frequently asked questions about taxes
administered by the Mississippi Department of Revenue. It
is an informal interpretation of the tax law and is not intended
to serve as a rule, regulation, declaratory opinion, or letter
ruling. Legislation, regulations, court decisions, notices and
announcements could affect the accuracy of this information.
Please refer to the Mississippi Code Annotated and the
Mississippi Administrative Code for the most current version of
the law and administrative procedures.
1.
I am a full-year resident but my spouse is not. How
should we file?
You must file a Mississippi Return Form 80-205 (Non-
Resident Form). The resident spouse will report to
Mississippi income earned from ALL sources for the entire
year. The spouse that is not a resident will report to
Mississippi income earned in Mississippi, but will declare his
or her total income for purposes of prorating the exemptions
and deductions.
2.
I am in the armed forces. What is my residency status?
What is my spouse’s residency status?
Mississippi Resident – If you enter the armed forces when
you are a Mississippi resident, you do not lose your
Mississippi residency status, even if you are absent from
this state on military orders. You are subject to the same
residency requirements as any other Mississippi resident
and are required to file a Mississippi income tax return.
Non-Resident – If you are not a Mississippi resident but are
stationed in this state by military orders, your military income
is not subject to Mississippi income tax. However, if you
have income subject to Mississippi tax, file Form 80- 205
(Non- Resident Form). Mississippi does tax other income
earned in this state by you.
The Military Spouses Residency Relief Act (MSRRA)
provides that spouses of military personnel who move to
Mississippi due to a servicemember spouse being posted for
military duty can elect to use the same residence as the
servicemember spouse for tax purposes. This allows non-
resident spouses to exclude Mississippi income if the spouse
meets certain criteria, such as filing and paying income tax
to the state of residency. For more information regarding the
MSRRA please visit
www.dor.ms.gov.
3.
I am getting an income tax refund this year. When
will I get my check?
Due to the increase in fraudulent activity, the Department
has implemented additional procedures and safeguards
into our return processes in an effort to mitigate potential
fraud. These processes will validate income tax returns
and credits reported prior to issuing requested refunds. As
a result, these additional procedures may cause a delay in
refund processing in order to ensure that the right refunds
are being paid to the right taxpayers.
4.
What if I am audited by the IRS?
If you will receive a refund or owe additional federal tax, you
should file an amended Mississippi return after the Internal
Revenue Service disposes of the tax liability in question
(See Miss Code Ann. Section 27-7-49 (3)). See the
“Amended Return” section of this booklet for additional
information on filing an amended return.
5.
Why did I receive a1099-G?
The 1099-G is an information-only form. It is sent because
the Internal Revenue Service requires us to inform you of
the amount of the state income tax refund issued to you last
year.
If you deducted state income taxes on last year's federal
income tax return (Federal Schedule A), then you are
required to report this amount as income on your federal
tax return this year. If you did not itemize your deductions
on the federal return, then this form is only for your records.
6.
Where can I get income tax forms?
Forms and instructions are available, at www.dor.ms.gov,
or they may be picked up at any of the agency’s district
offices. Additionally, forms are also available at public
libraries across the state.
Paper forms may be printed and completed by hand or
completed on-line and printed. The on-line fill-in form does
not provide mathematical assistance or other prompts, but
it does allow the taxpayer to complete return information
and print the form ready for mailing. Filing your return
electronically can speed up your refund!
25
7.
How do I report gambling winnings?
Gambling winnings reported on a W-2G, 1099, or other
informational return from Mississippi casinos are subject to
a three percent (3%) non-refundable income tax. The
casinos withhold the tax at the time of payout. For Non-
Mississippi gambling see Form 80-108, Schedule N.
The amount withheld is non-refundable to the taxpayer.
Miss. Code Ann. Section 27-7-901 provides that the
amount of winnings reported on W-2G, 1099 or other
informational return from Mississippi casinos are not
included in Mississippi income and no income tax credit is
allowed for the amount of withholding.
A non-resident taxpayer with only Mississippi gambling
winnings and/or losses should not file a Mississippi tax
return. The document provided by the casino is considered
the income tax return for this type of Mississippi income and
therefore is proof that the tax was paid to Mississippi.
8.
Where do I mail my return?
If you are receiving a refund:
All other income returns:
P.O. Box 23058
P.O. Box 23050
Jackson, MS 39225-3058
Jackson, MS 39225-3050
9.
What are my payment options?
• On-line Payments: To pay on-line, go to
www.dor.ms.gov, click on Taxpayer Access Point
(TAP) and follow the instructions. Users are able to
make estimated payments on-line without a DOR
account or a TAP login.
• Check or Money Order Payments (Payments Not
Submitted with the Return): To pay by check or
money order, complete the payment voucher (Form 80-
106), make the check or money order payable to the
Department of Revenue and mail both to P.O. Box
23192, Jackson, MS 39225-3192. Write your
identification number on the check or money order. DO
NOT send cash through the mail.
To view a complete list of our most frequently asked questions,
visit our website at www.dor.ms.gov.
26
APPENDIX COUNTY
CODES
COUNTY
CODE
COUNTY
CODE
COUNTY
CODE
Adams
01
Itawamba
29
Pike
57
Alcorn
02
Jackson
30
Pontotoc
58
Amite
03
Jasper
31
Prentiss
59
Attala
04
Jefferson
32
Quitman
60
Benton
05
Jefferson-Davis
33
Rankin
61
Bolivar
06
Jones
34
Scott
62
Calhoun
07
Kemper
35
Sharkey
63
Carroll
08
Lafayette
36
Simpson
64
Chickasaw
09
Lamar
37
Smith
65
Choctaw
10
Lauderdale
38
Stone
66
Claiborne
11
Lawrence
39
Sunflower
67
Clarke
12
Leake
40
Tallahatchie
68
Clay
13
Lee
41
Tate
69
Coahoma
14
Leflore
42
Tippah
70
Copiah
15
Lincoln
43
Tishomingo
71
Covington
16
Lowndes
44
Tunica
72
Desoto
17
Madison
45
Union
73
Forrest
18
Marion
46
Walthall
74
Franklin
19
Marshall
47
Warren
75
George
20
Monroe
48
Washington
76
Greene
21
Montgomery
49
Wayne
77
Grenada
22
Neshoba
50
Webster
78
Hancock
23
Newton
51
Wilkinson
79
Harrison
24
Noxubee
52
Winston
80
Hinds
25
Oktibbeha
53
Yalobusha
81
Holmes
26
Panola
54
Yazoo
82
Humphreys
27
Pearl River
55
Non-Resident
83
Issaquena
28
Perry
56
Resident Living Out
of State
90
27
TAX CREDIT CODES * Carryover not available
TAX CREDIT CODES
CODE
CREDIT
CODE
CREDIT
* 02
Premium Retaliatory
26
Historic Structure Rehabilitation (Attach Statement)
* 03
Finance Company Privilege
* 27
Long Term Care
05
Jobs Tax
28
New Markets
06
National or Regional Headquarters
29
Biomass Energy Investment
07
Research and Development Skills
30
Wildlife Land Use
08
Employer Child / Dependent Care
31
Prekindergarten Credit
10
Reforestation
32
Headquarters Relocation Credit
* 11
Gambling License Fee
34
Qualifying Charitable Contribution Credit Approved by DOR
* 12
Financial Institution Jobs
35
Qualifying Foster Care Charitable Credit Approved by DOR
13
Mississippi Revenue Bond Service
36
Business Contributions to Eligible Charitable Organizations
14
Ad Valorem Inventory
37
Endowment Fund Charitable Credit
15
Export Port Charges
38
Inland Water Transportation
16
Insurance Guaranty
39
Pregnancy Resource Charitable Contribution Credit
17
Import Credit
40
Railroad Infrastructure Tax Credit
18
Land Donation
* 41
Blood Donation
19
Broadband Technology
42
Transitional Home Charitable Contribution Credit
21
Brownfield Credit
43
Low-Income Health Care Services Charitable Contribution Credit
22
Airport Cargo Charges
*44
Dependent Care Credit
23
Manufacturing Investment Tax Credit
45
Food Bank Charitable Contribution Credit
24
Alternative Energy Jobs
* 50
Bank Share
25
Child Adoption
SCHEDULE OF TAX COMPUTATION
TAX RATE(S)
TAXPAYER
(COLUMN A)
TAXABLE INCOME
SPOUSE
(COLUMN B)
TAXABLE INCOME
TOTAL
(COLUMN A + B)
RATES INCOME TAX
1. First $10,000
+
=
x 0%
2. Remaining balance
+
=
x 5%
3. Subtotal
+
=
4.
Total income tax – enter on page 1, line 17 (sum of lines 1 through 2)
Line 1: Enter the first $10,000 of taxable income or part ($0 - $10,000) in Column A and Column B if applicable. Multiply the total of
these two columns by 0% and enter the resulting tax in the far right column labeled “Income Tax”.
Line 2: Enter the remaining balance of taxable income in Column A and Column B if applicable. Multiply the total of these two
columns by 5% and enter the resulting tax in the far right column labeled "Income Tax."
Line 3: Enter the total of lines 1- 2 for Column A and Column B if applicable.
Line 4: Enter the total of the amounts entered under "Income Tax" from lines 1 and 2. Transfer this amount to page 1, line 17 (line 20,
non-resident) of your return.
