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Code § 1-3-27. The term "minor," when used in statute, except as otherwise provided by law shall include any person, male or female, under twenty-one (21) years of age.
(1)(a)(i) Upon every person engaging or continuing in this state in the business of contracting or performing a contract or engaging in any of the activities, or similar activities, listed below for a price, commission, fee or wage, there is hereby levied, assessed and shall be collected a tax equal to three and one- ...
If the business income of the corporation is derived solely from property owned or business done in this state and the corporation is not taxable in another state, the entire business income shall be allocated to this state.
Income Tax Brackets The standard deduction in Mississippi is $2,300 for single filers and married individuals filing separately, $4,600 for married individuals filing jointly and $3,400 for heads of household. If itemized deductions are less than the standard deduction, taxpayers receive the standard deduction.
Mississippi Long-Term Care Tax Credit This Mississippi law allows for taxpayers to get a tax credit of 25% of the premium or $500 of ?the premium costs paid during the taxable year for a qualified long-term care insurance policy.? This is a State of Mississippi tax credit and not a federal tax credit.
If a county tax assessor fails to supply accurate information requested by the Commissioner of Revenue, the commissioner shall reject the county's tax roll.
Every taxpayer, at his election, shall be entitled to a deduction for pollution or environmental control facilities to the same extent as that allowed under the Internal Revenue Code and the rules, regulations, rulings and determinations promulgated thereunder.
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).