Mississippi State Tax Help and Forms (Subscribe)
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Mississippi tax help, forms and answers to thousands of Mississippi tax questions. Handy summary of all Mississippi taxes, including corporate and individual Mississippi income taxes, credits, exemptions, deductions and more. Includes Mississippi estate, gift and inheritance tax, miscellaneous Mississippi taxes, pass-through entity treatment, payroll taxes, property taxes and Mississippi sales & use taxes.
Mississippi ranks #21 on the State Business Tax Climate Index (TaxFoundation.org).|
Corporate Taxes
Rates & Brackets: 3%> $0 4%> $5,000 5%> $10,000 Loss Carry-back/fwd: 2 Years Back / 20 Years Forward (Unlimited) Throwback Sales?: Y Foreign Tax Deductible?: N Alternative Minimum Tax (AMT): N Gross Receipts Tax: N Capital Stock (Net Worth) Tax?: 0.250% (unlimited) Credits and Incentives Job Credits?: Y R&D Credits?: Y Investment Credits?: Y Individual Taxes Rates & Brackets: 3%> $0 4%> $5,000 5%> $10,000 Local Option IT Rate: None Federal Inc used as Base?: N Standard Deductions: Single $2,300 / Joint $4,600 Personal Exemptions/Credits (c): Single $6,000 / Joint $12,000 / Dependent $1,500 Federal Tax Deductible?: N State Tax Deductible?: Y Alternative Minimum Tax (AMT)?: N Inheritance, Gift, Estate, Death Taxes Gift Tax?: N Estate Tax?: Copies Federal Inheritance Tax?: N Generation-Skipping Tax?: N Miscellaneous Taxes Gas Tax: 18.8 cents/gallon Diesel Tax: 18.8 cents/gallon Cigarette Tax: 68.0 cents/20 pack Pass-through Entities LLC Pass-through Recognized?: Y S-Corp Pass-through Recognized?: Y Payroll Taxes Unemployment Insurance Tax Index (TaxFoundation.org): #4 Property Taxes Median Tax Paid on Homes (Rank): $468 (#47) Median Value of Homes: $99,700 Tax as % of Home Value (Rank): 0.47% (#46) Median Income of Homeowner: $46,793 Tax as % of Income (Rank): 1.00% (#47) Sales and Use Taxes State Rate: 7.00% County & City (Weighted Ave): None Combined State and Ave. Local Rates (Rank): 7.00% (#19) General Treatment of Services:Taxable Gas Exemption: Exempt Grocery Exemption: Taxable |
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- Taxes/State and Local Taxes/State Tax Tools/State Tax FAQs/Mississippi State Tax Questions and Answers
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Links
Please file the original printed copy and remember to keep copy for your records. The original that you print from the site is not considered a photocopy. You should not duplex-print these forms.
Rules and Regulations, Title 35, Mississippi Administrative Code
http://www.mstc.state.ms.us/info/faqs/StateTaxCommissionGeneralInformation.html
The following is intended to provide general information concerning frequently-asked questions about taxes administered by the Mississippi Department of Revenue.
