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Must be 65 or older on or before January 1 of that tax year to qualify. You only apply once-unless circumstances change. For information, call the Tax Assessors office 662-469-8029.
What are the changes in Mississippi income tax for 2025?
On March 27, 2025, Mississippi Governor Tate Reeves signed the Build-Up Mississippi Act, legislation that phases out the individual income tax in Mississippi. The bill cuts the individual income tax rate to 3% by 2030, with future annual decreases until the rate falls to 0% and the tax is eliminated.
What is the new law for income tax in Mississippi?
House Bill 531 was signed into law by Governor Reeves in 2022 and returned half a billion dollars to taxpayers. The new legislation, House Bill 1, cuts the individual income tax rate to 3% by calendar year 2030, with future annual decreases until it ultimately falls to 0%.
How to get a tax clearance letter in Mississippi?
A link is provided to the Department of Revenue website where you may request the tax clearance letter. You will need your taxpayer information in order to access their website. The tax clearance letter will be emailed to you by the Department of Revenue.
What are the new laws in Mississippi July 1 2025?
Mississippi will see several new laws take effect on July 1, 2025, including changes to tax rates, seafood labeling requirements, and military medic licensing. All seafood sold in Mississippi must be labeled as either imported or domestic.
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How much tax is taken out of my paycheck in Mississippi?
Form 80-105 is the Mississippi Resident Individual Income Tax Return used to report your income earned and taxes owed to the state of Mississippi for the 2024 tax year.
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