Compiling documents and reports during tax season can seem like a daunting task. Where’s my tax refund Mississippi? The Mississippi State resident has to make sense of complex forms and fill out expected details precisely. Understanding the process and policies governing your taxes and returns is crucial.
Let’s unlock the mystery of tax refunds in Mississippi State! If you are wondering where’s my refund, this article will take you down the road of Mississippi state’s tax refund policy. It will break down refund information procedures, tax brackets and other details.
Where’s My Tax Refund – Mississippi State?
If you want to know about the status of your tax refund, you can find out via a phone call, email, or through the Mississippi Department of Revenue’s website.
Here is what you might receive in response:
- Whether the Mississippi Department of Revenue has received your return or not.
- If the return is under process.
- If the return has been issued and the estimated deposit date has been set.
- If there are any issues with the resident’s return and refund.
How To Check The Status Of Your Mississippi State Refund Online
Let’s explore a step-by-step guide on how to check your Mississippi state tax refund status online.
Step 1: Search for the Mississippi Taxpayer Access Point (TAP) website to check your state tax refund status.
Step 2: Go to the “Refunds” section and look for an option that reads along the lines of “Where’s My Refund?”
Step 3: Enter the required information in this section, such as your Social Security Number (SSN) or Individual Taxpayer Identification Number (IITN).
Step 4: Now, enter the expected refund amount. Understand that this information is critical and should be filled in precisely.
Step 5: Go to the Individual Income Tax option in the Mississippi Department of Revenue FAQs section.
Step 6: Click on Submit.
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Where’s My Tax Refund Mississippi – Reasons For Delay
Here are some factors that may cause delays in your tax return in Mississippi state:
Tax Verification
The Mississippi Department of Revenue (MDOR) has to verify every piece of information you input while filing your taxes. This verification may take longer than expected. The time increases when there are errors or misinformation. The state undergoes this procedure to protect the residents from fraud.
Paper Tax Filing
Paper-filed returns in Mississippi take 10-12 weeks, while e-filed returns are processed in up to 8 weeks. Taxpayers should use Mississippi-approved e-file providers for faster refunds.
Complex Taxes
If you are self-employed or have multiple sources of income, MDOR may take longer for tax verification.
Mississippi Tax Brackets
For the 2024 tax year, Mississippi’s income tax rates are:
- For the first $0 – $10,000: you have to pay 0% tax.
- Over $10,000: 4.7% tax (reduced from 5% in 2023)
These rates will be reduced for 2024 and upcoming years.
Mississippi State Tax Deductions & Credits
The tax structure for Mississippi is more straightforward than that of other states. Here’s what you should know about their deductions and credits:
Deductions
Mississippi allows both standard and itemized deductions. For 2024, the standard deduction is $2,300 (Single) and $4,600 (Married Jointly). Itemized deductions include medical expenses and charitable contributions but exclude state/local income tax payments. If these contributions exceed the standard amount, you get itemized deductions.
Credits
Mississippi does not offer a state-level Earned Income Tax Credit (EITC), but taxpayers may qualify for credits such as the Child Adoption Credit and the Historic Structure Rehabilitation Credit.. Some industries or businesses get credits for economic development.
Conclusion
Mississippi taxpayers should wait 8 weeks for e-filed returns and 10-12 weeks for paper-filed returns before checking refund status. You can check your refund via the state website or contact them by phone or email. America’s 5 million people trust Beem for their money-related needs. What are you waiting for? You can use Beem’s Free Tax Calculator to get an accurate estimate of your federal and state taxes.
