Tax rate used in calculating Mississippi state tax for year 2020 State Abbreviation: |
MS
| State Tax Withholding State Code: |
28
| Acceptable Exemption Form: |
89-350-98-1
| Basis For Withholding: |
Federal marital status and number of state exemptions
| Acceptable Exemption Data: |
S, M / Number of Exemptions
| TSP Deferred: |
Yes
| Special Coding: |
Determine the Total Number Of Allowances field as follows:
Divide the dollar amount in Item 6 of the state certificate by 100. Multiply the result by 2. (Examples are 120 for $6,000, 190 for $9,500, 240 for >$12,000<)
If no exemptions are claimed, enter 000.
| Additional Information: |
Determine the Total Number Of Allowances field as follows:
|
Withholding Formula >(Mississippi Effective 2020) < - Subtract the biweekly Thrift Savings Plan contribution from the gross biweekly wages.
- Multiply the adjusted gross biweekly wages times 26 to obtain the annual wages.
- Determine the standard deduction by applying the following guideline and subtract this amount from the annual wages.
If the Employee Is: | The Standard Deduction Is: | Single | $ 2,300 | Married | 4,600 | Head of Household | 3,400 | Married (Both Spouses Working) | 2,300 |
- Determine the personal exemption allowance by applying the following guideline and subtract this amount from the result of step 3 to compute at the taxable income.
The exemption allowance is the "Total Amount of Exemption Claimed" entered in Item 6 on the Mississippi tax withholding Form 89-350-98-1 >(Rev4/99)< - Apply the taxable income computed in step 4 to the following table to determine the Mississippi tax withholding.
Tax Withholding Table | If the Amount of
Taxable Income Is: | The Amount of Mississippi
Tax Withholding Should Be: |
Over:
| But Not
Over: | | Of Excess
Over: |
$ 0
|
$ 2,000
|
$ 0
|
plus
|
0%
|
$ 0
|
$ 2000
|
$ 5,000
|
$ 0
|
plus
|
3%
|
$ 2000
|
5,000
|
10,000
|
90
|
plus
|
4%
|
5,000
|
10,000
|
and over
|
290
|
plus
|
5%
|
10,000
|
- Divide the annual Mississippi tax withholding by 26 and round to the nearest dollar to obtain the biweekly Mississippi tax withholding.
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