Hi, I'm Mark. For your tax calm, the state of Mississippi has three rates at which it taxes income for single taxpayers. The first five thousand dollars of income is taxable at 3%. From $5,001 to ten thousand dollars, it is taxed at four percent. For income above ten thousand one dollar, the tax rate is five percent. Married couples who file a joint return have the option of determining their tax liabilities separately and then adding the results. The state of Mississippi does not tax Social Security benefits. Your retirement income may be exempt from state taxes if you receive an early distribution from any of these plans. However, if it is not considered retirement income, it is subject to taxation. If you earn income on interest from obligations of Mississippi or any of its political subdivisions, you are exempt from state taxes on that income. You should file a Mississippi state tax return if any of the following are true: - Mississippi withheld income taxes from your wages - You've been taxed by Mississippi and are a non-resident or part-year resident - You were employed in a foreign country on a temporary or transition basis and are a resident of Mississippi - If you are a resident of Mississippi working out of state, then you must file a resident return and report your total gross income regardless of the source. - If you are single and have a gross income above eighty-three hundred dollars plus $1,500 per dependent - If you are married and have a combined income of more than sixteen thousand dollars plus fifteen hundred dollars per dependent with your spouse. For more information, visit attacks dot-com.
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