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Tag Archives: taxes

Mississippi moves tax filing deadline to May 15

While taxpayers have gotten an extension until July 15 to file their federal taxes, they’ll only get a one-month reprieve from Mississippi. The Mississippi Department of Revenue said it was “aware of the new pressures on the business community and state governments” due to the COVID-19 pandemic. “We are committed to doing what we can to help provide relief and ...

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What to know as tax filing season begins

It’s that time again. The IRS began accepting and processing tax returns for individuals on Monday. Last year’s filing season was an adjustment for taxpayers and industry professionals alike as it was the first under a massive overhaul of federal tax law. While this year’s season is expected to be more sedate, there are a few tweaks to be aware ...

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Tax from internet sales growing, but state getting less

By BOBBY HARRISON / Mississippi Today Since a June 2018 U.S. Supreme Court ruling allowing states to collect taxes on internet sales, Mississippi’s use tax collections have steadily increased.   Still, state Economist Darrin Webb and Mississippi’s other financial experts are projecting use tax revenue going to the general fund for core state functions such as education, law enforcement and ...

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Mississippi governor candidates bicker over state taxes

The two main candidates for Mississippi governor held dueling news conferences Wednesday to accuse each other of wanting state government to dig deeper into people’s wallets. Democratic Attorney General Jim Hood and Republican Lt. Gov. Tate Reeves are competing in the Nov. 5 election, along with two candidates running low-budget campaigns. Appearing at a concrete business in Canton, Reeves said ...

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School district says tax bump will supplement teacher pay

A Mississippi school district is requesting a local tax increase to give teachers a pay supplement. WAPT-TV reports the Rankin County School Board advanced the plan Wednesday to give teachers an extra $1,300 a year. County supervisors must approve the request. The supplement will be in addition to the $1,500 raise that Mississippi lawmakers approved for all teachers in the ...

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Mississippi sees revenue increase in most recent budget year

Mississippi government collected nearly 5% more money during the state budget year that recently ended than it did the previous year. Newly released information from the Legislative Budget Office shows that’s an increase of about $278 million. Total state revenue was nearly $6 billion during fiscal 2019, which ended June 30. It was about $5.7 billion in 2018. Most of ...

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McComb considers property tax increase to improve streets

A Mississippi city could increase its property tax rate a few dollars a year to pay for street improvements. The Enterprise-Journal reports McComb officials have already set a tax increase to pay for a gymnasium, so the increase for roads would be the second one. Mayor Quordiniah Lockley says to eliminate pot holes, the city needs to pave. And to ...

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BILL CRAWFORD: What a disappointing tax season

Started your tax return yet? I have and it’s so disappointing. I had looked forward to the simpler, easier tax filing promised by President Donald Trump’s tax cuts. Take the increased standard deduction and forget all that work to compile medical and dental expenses, taxes paid, interest paid, charitable contributions, and so on. This was going to be a breeze. ...

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