Mississippi Taxes

Mississippi Tax Guide (Income Tax Deduction)

Mississippi government taxes 3% of the initial $5,000 of income, 4% of the next $5,000 and 5% on all taxable income whichever is earned beyond $10,000. If you are filing your tax return as married jointly you will pay taxes on both spouses' incomes at the above mentioned rate. To cut down your taxable income, you can show deductions on a Schedule A. The standard deduction for single individual is $2,300, and for married couple is $4,600. If your deductions go beyond the standard deduction, you should enumerate to cut down your tax bill.

Mississippi Medical and Dental Expenses

You can cut down the same amount of dental and medical bills that you deduct on your taxes. These expenses may comprise of bills which you paid for health insurance premiums, hospital expenses, consultation fees, prescriptions, including laboratory fees. You get a deduction for medical and dental expenses that go beyond 7.5 percent of your gross income.

Mississippi Casualty and Theft Loss

To claim theft and casualty losses, annex your federal 4684 form with your state tax return and facilitate the same calculations to fill up your Mississippi tax return. According to federal rules, theft and casualty losses may include your home, vehicles and household articles. Casualty losses also encompass damage incurred due to flood, fire, earthquake, tornado, hurricane like natural calamity. Any amount that has already been reimbursed by any insurance company should not be reclaimed. If the assets are not completely destroyed, you may mention the diminished value of the property. The deduction is then calculated by deducting $100 from every claim and also cutting 10 percent of your adjusted gross income from each claim, which then finally you’re your eligibility to deduct your taxes.

Mississippi Charitable Donations

You can also get rebate on the same amount of charitable donations that you deducted on your federal 1040 form during filing your Mississippi tax return. Federal guidelines restrict your charitable contribution deductions to 50 percent of your adjusted gross income. Charitable donations may comprise of cash contributions and donations of tangible items, like clothing and household items. Contributions must be made to recognized and qualified charitable establishments like schools, churches and nonprofit organizations -- The Salvation Army and The Red Cross and for instance.

Mississippi Other Deductions

The ad valorem automobile registration fees may also be enumerated as a deduction on your Mississippi Tax return. You can also get deductions on interest paid on your Mississippi tax return.

Mississippi 80-105 Individual Income Tax Forms

2006 2007 2008 2009 2010

Where to Mail FEDERAL IRS Tax Forms Within Mississippi:

IRS Form If you ARE NOT Enclosing a Payment, Use This Address: If you ARE Enclosing Payment, Use This Address:
1040: Department of the Treasury
Internal Revenue Service
Austin, TX 73301-0002
Internal Revenue Service
P.O. Box 1214
Charlotte, NC 28201-1214
1040A: Department of the Treasury
Internal Revenue Service
Austin, TX 73301-0015
Internal Revenue Service
P.O. Box 1214
Charlotte, NC 28201-1214
1040EZ: Department of the Treasury
Internal Revenue Service
Austin, TX 73301-0014
Internal Revenue Service
P.O. Box 1214
Charlotte, NC 28201-1214

Mississippi Tax Help

(601) 923-7089

Mississippi Tax Individual Income:
(601) 923-7393

Mississippi Tax Refund Information:
(601) 923-7801

Mississippi Tax Collections:
(601) 923-7390