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  • Mississippi Form 80 160 Instructions

Get Mississippi Form 80 160 Instructions

Please check the form as well as this list. 1 Updated form number Form 80-160-08-8-1-000 Rev. 5/08 Mississippi To One or More Other States Tax credit as determined below is allowed only to LEGAL RESIDENTS of Mississippi who pay an income tax imposed by another State on income earned therein and taxed by Mississippi. 18. Allowable Tax Credit - Lesser of Line 16 Column 6 or Line 17 Column 6. Key to Tax Credit for Income Tax Paid to One or More Othe.

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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.

FILING REQUIREMENTS 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.

You must file a Mississippi Non-Resident / Part-Year Return Form ​80-205.

Mississippi has a 7.00 percent state sales tax rate, a max local sales tax rate of 1.00 percent, and an average combined state and local sales tax rate of 7.07 percent.

The standard deduction for seniors this year is actually the 2022 amount, filed by April 2023. For the 2022 tax year, seniors filing single or married filing separately get a standard deduction of $14,700. For those who are married and filing jointly, the standard deduction for 65 and older is $25,900.

Interest is calculated at 1 percent per month on any portion of a month in which the payment is past due, and continues to accrue until all taxes, penalties and interest are paid. Penalties are charged in addition to interest. A penalty for late filing is charged beginning 30 days after the due date of the report.

Yes – If you took the standard deduction on the federal, you MUST take the standard deduction on the state. If you took the itemized deduction on the federal, you have the option of the standard on the state, if it is higher. No individual income tax.

Mississippi Income Taxes Starting in 2023, there is no tax on the first $10,000 of taxable income. The tax rate on taxable income above $10,000 will also be reduced to 4.7% in 2024, 4.4% in 2025, and 4% in 2026 and thereafter. Social Security benefits are not taxed by the state.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232