Mississippi State Income Tax - Tax Year 2012
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Contents
Contents
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Mississippi Income Tax Table
| Tax Bracket (Single) [2] | Tax Bracket (Couple) [3] | Marginal Tax Rate |
| $0+ | $0+ | 3.00% |
| $5,000+ | $5,000+ | 4.00% |
| $10,000+ | $10,000+ | 5.00% |
Learn how marginal tax brackets work 
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Mississippi Income Tax Calculator
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The Mississippi Income Tax
Mississippi collects a state income tax at a maximum marginal tax rate of 5.00%, spread across three tax brackets. Unlike the Federal Income Tax, Mississippi's state income tax does not provide couples filing jointly with expanded income tax brackets. There are a total of thirty three states with higher marginal income tax rates then Mississippi.
Mississippi recently added a special income tax exemption for any contributions to a qualifying Individual Returement Account (IRA). Mississippi is one of only four states to offer this exemption. There are -34 days left until Tax Day, on April 15th 2013.
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Mississippi Tax Deductions
Income tax deductions are expenses that can be deducted from your gross pre-tax income. Using deductions is an excellent way to reduce your Mississippi income tax and maximize your refund, so be sure to research deductions that you mey be able to claim on your Federal and Mississippi tax returns. For details on specific deductions available in Mississippi, see the list of Mississippi income tax deductions.
4.1 - Mississippi Standard Deduction
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The Mississippi standard deduction is $2,300.00 for individuals and $4,800.00 for married couples filing jointly. The standard deduction may be chosen instead of filing an itemized deduction on your Mississippi tax return.
4.2 - Mississippi Personal Exemptions
- Mississippi's personal income tax exemptions include a personal exemption of $6,000.00. You can deduct one single exemption from your gross income if you are responsible for supporting yourself financially.
4.3 - Mississippi Dependent Deduction
- Mississippi has a dependent exemption of $1,500.00. You may claim one dependent examption for each of the children, relatives, or others who live with and are supported by you as described § 152 of the IRC (Internal Revenue Code).
4.4 - Mississippi Itemized Deductions
- Mississippi allows itemized deductions, and you can claim the same itemized deductions on your Mississippi tax return as you do on your Federal tax return. You must choose between itemizing your deductions and choosing the Mississippi standard deduction, so it's generally only worth itemizing your deductions if your itemized total is more then the Mississippi and Federal standard deductions. For more details, visit the list of Mississippi itemized deductions.
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Mississippi Income Tax Forms
Tax-Rates.org provides easy access to five of the most commonly used Mississippi income tax forms, in downloadable PDF format. For all of the tax forms we provide, visit our Mississippi tax forms library or the Department of Revenue 's tax forms page.
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Form 80-100 - Individual Income Tax InstructionsUse this instructional booklet to aid you with filling out and filing your Form 80-105 tax return. You may file your Form 80-105 with paper forms through the mail or online with efiling.
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Form 80-105 - Individual Income Tax ReturnForm 80-105 is the general individual income tax form for Mississippi residents. You must file, online or through the mail, yearly by April 17.
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Form 80-106 - Tax Return Payment VoucherSubmit this voucher along with any payment due with your tax return. Do not include one if you do not need to submit payment.
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Form 80-300 - Estimated Individual Income Tax ReturnYou must pay estimated income tax if you are self employed or do not pay sufficient tax witholding. You need to file form 80-300 with the Mississippi Department of Revenue on a quarterly basis.
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Form 80-320 - Estimated Tax Underpayment FormIf you underpaid or failed to pay your estimated income tax for the previous tax year, you must file form 80-320 to calculate and pay any interest or penalties due.
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Printable Mississippi Tax Table & Tax Reference
Tax-Rates.org provides a printable Mississippi datasheet including an income tax table, a list of Mississippi tax deductions, important URLs and addresses, and more. This document is in PDF format.
If you are not a resident of Mississippi, have a complicated tax return, or have other specialized circumstances you may need to download additional tax forms from the Department of Revenue website. You can find all of Mississippi's 2013 income tax forms on the Department of Revenue income tax forms page 
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6.
How To File Your Mississippi Income Tax Return
Once you've filled out your Mississippi income tax return, you have several options for filing and paying your income tax. You can mail your return to the Department of Revenue at the correct address below, and include your payment by check or money order. You may also electronically file your Mississippi tax return through a tax preparer or using online tax software, and pay your taxes instantly using direct debit or a credit card (an additional credit card fee may apply).
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Where To Send Your Mississippi Tax Return
If you filled out physical tax return forms, mail your completed Mississippi income tax return to the Mississippi Department of Revenue no later then January 1st. Please be sure to send your completed tax forms to the correct address for your filing type.
Income Tax Return Mississippi Department of Revenue P. O. Box 23050 Jackson, MS 39225 |
Income Tax Return (Refund Expected) Mississippi Department of Revenue P.O. Box 23058 Jackson, MS 39225 |
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e-Filing: Submit Your Mississippi Tax Return Online
You can save time and money by electronically filing your Mississippi income tax directly with the Department of Revenue . Benefits of e-Filing your Mississippi tax return include instant submission, error checking, and faster refund response times. Most tax preparers can electronically file your return for you, or you can do it yourself using free or paid income tax software, like the examples listed below.
To e-file your Mississippi and Federal income tax returns, you need a piece of tax software that is certified for eFile by the IRS. While most in-depth tax software charges a fee, there are several free options available through the states, and simple versions are also offered free of charge by most tax software companies.
The two most popular tax software packages are H&R Block At Home, sold by the H&R Block tax preparation company, and TurboTax Federal & State, sold by the Intuit software company. Both companies produce multiple editions for simple to very complex tax returns, so be sure to carefully compare the features offered by each package.
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Getting Your Mississippi Tax Refund
If your state tax witholdings are greater then the amount of income tax you owe the state of Mississippi, you will receive an income tax refund check from the government to make up the difference.
It should take one to three weeks for your refund check to be processed after your income tax return is recieved. E-filing your return and filing early can help ensure your refund check gets sent as quickly as possible.
Once you've filed your tax return, all you have to do is wait for your refund to arrive. If you want to check the status of your Mississippi tax refund, you can visit the Mississippi Department of Revenue Income Tax Refund page.
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References
- Our state ranking and income tax figures are based on a family of four (married parents with two children) earning the national median household income of $50,000 per year. Deductions and personal exemptions are taken into account, but some state-specific deductions and tax credit programs may not be accounted for.
- Before the official 2013 Mississippi income tax rates are released, provisional 2013 tax rates are based on Mississippi's 2012 income tax brackets.
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The 2013 state personal income tax brackets are updated from the Mississippi Department of Revenue and Tax Foundation data.
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Mississippi tax forms are sourced from the Mississippi Department of Revenue income tax forms page, and are updated on a yearly basis. Please make sure the Mississippi forms you are using are up-to-date.
