Mississippi Revises Withholding Publications

January 10, 2019 Tom Hospod

The Mississippi Department of Revenue has published its Publication 89-700-18, 2019 Withholding Income Tax Tables And Employer Instructions as well as its Form 89-140-8-1, Annual Information Return.

The following revisions were made to the 89-700:

  • The marginal income tax rates have changed. Now, the first $2,000 is taxed at 0%; the next $3,000 is taxed at 3%; the next $5,000 is taxed at 4%, and the excess of $10,000 is taxed at 5%.
  • The new interest rate on delinquent taxes is 1/2% per month.
  • The withholding tables have been adjusted to account for changes in tax rates.

The only change to the 89-140 is an instruction to include 1099 income in the “MS Taxable Wages” box.

About the Author

Tom Hospod

Tom Hospod is a member of the Tax Research Team for the Direct Tax division at Sovos Compliance, where his main areas of focus are Tax Withholding and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. He also has experience in securities law—focusing on broker-dealer disputes and representing clients in FINRA arbitration. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.

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