Mississippi State Tax Help

What credits can I enter on this screen?

  • Child Adoption Credit: An income tax credit is available up to $2,500 for qualified adoption expenses paid or incurred during the tax year for each child legally adopted by a taxpayer.The credit may be claimed for the tax year in which the adoption becomes final and any unused credit may be carried forward for three (3) years.
  • Historic Structure Rehabilitation Credit: A 25% tax credit for the rehabilitation of historic structures used for residential or business purposes. Owner-occupied dwellings and properties used for income-producing purposes are eligible. Expenditures must have been incurred after January 1, 2006, to qualify.
  • Long-Term Care Credit: There is a credit for premiums paid for certain qualified long-term care insurance policies as defined in Section 7702B of the Internal Revenue Code. The credit available is 25% of premiums paid during the taxable year not to exceed $500 or the taxpayer's income tax liability, whichever is less, for each qualified long term care insurance policy. No carry forward is allowed for any unused portion. Enter here the amount of credit you qualify for.
  • Wildlife Land Use Credit: Effective January 1, 2010, a state income tax credit is allowed that provides a $5.50 per acre tax credit for certain taxpayers that allow land to be used as a natural area preserve, wildlife refuge, wildlife management area or public outdoor recreation area. Land must first be approved to be suitable for the uses listed above by the Mississippi Commission on Wildlife, Fisheries, and Parks. Any unused credit amount may be carried forward for 5 years from the close of the taxable year in which the land was approved for such a use.
  • Reforestation Credit: This credit, based on the costs incurred for certain approved reforestation practices, is an amount equal to the lesser of 50% of the actual cost of approved practices or 50% of the average cost of approved practices as established by the Mississippi Forestry Commission. In any taxable year, the credit shall not exceed the lesser of $10,000 or the amount of income tax imposed upon the eligible owner for the taxable year reduced by the sum of all other credits allowable to the eligible owner (except for withholding credits, estimated tax payments, and/or credit for tax paid to another state). The maximum reforestation tax credit that an eligible owner may utilize during his or her lifetime is $75,000 in the aggregate. Any unused portion of the credit may be carried forward to succeeding years. Generally, reforested acreage on which the eligible owner receives any state or federal cost share assistance funds to defray the cost of an approved reforestation practice is not eligible for the credit, unless the eligible owner's adjusted gross income is less than the federal earned income credit level. Unused credit may not be carried forward. Any expenses on which the credit is calculated must be added back to taxable income.
  • Prekindergarten Credit: Effective July 1, 2013, there is a credit available for qualified prekindergarten program support contributions paid to approved providers, lead partners or collaboratives, not to exceed $1,000,000, by any individual, corporation or other entity having taxable income during the calendar year. In order to qualify for this credit, the amount of the qualified prekindergarten program support contributions paid must be approved by the State Department of Education. Any unused portion of the credit may be carried forward for three years.
Other credits available include:
  • Premium Retaliatory Tax Credit
  • Finance Company Privilege Credit
  • Credit for Advanced Technology or Enterprise Zone
  • Jobs Tax Credit
  • National or Regional Headquarters Credit
  • Research and Development Skills Credit
  • Employer Child/Dependent Care Credit
  • Basic Skills Training or Retaining Credit
  • Credit for Gambling License Fee
  • Financial Institution Jobs Credit
  • Mississippi Revenue Bond Service Credit
  • Ad Valorem Inventory Tax Credit
  • Export Port Charges Credit
  • Insurance Guaranty Credit
  • Import Credit
  • Land Donation Credit
  • Broadband Technology Credit
  • Brownfield Credit
  • Airport Cargo Charges Credit
  • Manufacturer's Investment Tax Credit
  • Alternative Energy Job Credit
  • New Markets Tax Credit
  • Biomass Energy Investment Tax Credit
  • Headquarters Relocation Credit
  • Bank Share Credit
To find information about these credits, visit the Mississippi Department of Revenue website.

Why do I need to enter which gambling losses came from outside of Mississippi?

Only gambling losses that came from outside of Mississippi are deductible on your Mississippi return as an itemized deduction. You may deduct losses up to the amount of your non-Mississippi gambling income.

What do I enter on the Mississippi Payments screen?

  • Enter any estimated tax payments you made for 2014.
  • Enter any amounts you chose to apply to your 2014 return with your 2013 Mississippi return.
  • Enter any amount you prepaid with extension requests.
Do NOT enter any amount of your 2014 Mississippi income tax withheld by your employer(s) as shown on any wage or tax statements.

What National Guard or Reserve pay can be subtracted from income?

Full-time National Guard or Reserve pay can be subtracted, in addition to compensation such as:
  • Inactive duty training (monthly or special drills or meetings)
  • Active duty training (summer camps, special schools, or cruises)
  • State active duty (emergency duty)
You may subtract up to $15,000 per person.

How will contributions to the Military Family Relief Fund be used?

This fund is to provide grants to families that experience financial hardship as a result of a family member who is a Mississippi resident and who is a member of the Mississippi National Guard or the reserves of the Armed Forces of the United States being called to active duty as a result of the September 11, 2001 terrorist attacks.

How will contributions to the Commission for Volunteer Service Fund be used?

These donations are expended by the Mississippi Commission for Volunteer Services to advance community service and volunteer work among Mississippians.

How will contributions to the Wildlife Heritage Fund be used?

These donations are used to study, protect, and manage our nongame wildlife, endangered species, and special natural areas.

Since 1986, when the Wildlife Heritage Fund was established, tax refund contributions have been used to (1) fund more than one hundred research projects which produced valuable information on rare plant and animal species, (2) reintroduce bald eagles to our state's barrier islands, (3) record and publish the songs and sounds of Mississippi's birds and frogs, and (4) help rehabilitate injured birds of prey.

How will contributions to the Education Trust Fund be used?

Contributions are used for the improvement of education within the State of Mississippi.

The principal of the trust fund shall remain inviolate and shall be invested as provided by general law. Interest and income derived from investment of the principal of the trust fund may be appropriated by a majority vote of the elected membership of each house of the Legislature and expended exclusively for the education of the elementary and secondary school students and/or vocational and technical training in Mississippi.

How will contributions to the Wildlife Fisheries and Parks Foundation be used?

These donations are used to build, upgrade, and/or improve fisheries and parks managed by the Mississippi Wildlife Fisheries and Parks Commission.

How will contributions to the Burn Care Fund be used?

Donations to the fund will be forwarded to the Burn Center for use in its operations.

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