Mississippi Form - Enhanced CD Agreement
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FAQ
The 89-350 Mississippi Employee's Withholding Exemption Certificate must be completed by employees so employers know how much state income tax to withhold from wages. This form should be maintained in conjunction with the federal Form W-4.
Form 80-160 is for Mississippi credit for tax paid to another state. If you completed your nonresident state first, TurboTax will calculate the figures for you. If you have not completed your other state tax return(s), go back and complete them first.
The current self-employment tax rate is 15.3 percent.
Claiming personal exemptions: (a) Single Individuals enter $6,000 on Line 1. (b) Married individuals are allowed a joint exemption of $12,000. If the spouse is not employed, enter $12,000 on Line 2(a).
Mississippi has a flat income tax rate of 5 percent. The employer must withhold an amount equal to that percentage from each paycheck after subtracting the employee's pretax deductions, such as health insurance or retirement plans. The employer must also match what it withholds from employee paychecks.
Individuals must file a MS tax return if they have had any state taxes withheld from their wages. Nonresidents and partial-year residents must file Mississippi state taxes if they have income that was taxed by the state.
MS-DOR Monthly Payment Plan If you are filing a return with a balance due, send in the installment agreement Form 71-661 with it to request a monthly payment plan. This form only works if you are filing a timely return and the total tax owed is more than $75 but not more than $3,000.
If you had a sales tax permit in the last three years before the lookback period (the standard lookback period for sales tax in Mississippi is thirty-six months), you are not eligible for a Sales Tax Voluntary Disclosure Agreement (VDA) in Mississippi.
