Deductions

You may choose to either itemize individual non-business deductions or claim the standard deduction for your filing status, whichever provides the greater tax benefit. Mississippi allows you to use the same itemized deductions for state income tax purposes as you use for federal income tax purposes with one exception: Mississippi Income Taxes are not deductible on your itemized deduction schedule requiring that an adjustment be made for that exception. Mississippi does allow certain deduction amounts depending upon your filing status. Below is listed a chart of all the exemptions allowed for Mississippi Income Tax.

Married Filing Joint or Combined $ 4,600 Married Spouse Deceased $ 4,600 Married Filing Separate $ 2,300 (exactly 1/2 of the $4,600) Head of Family $ 3,400 Single $ 2,300

For Married Filing Joint or Combined returns, the $4,600 standard deduction amount or the itemized deduction amount may be divided between the spouses in any matter they choose. For Married Filing Separate, any unused portion of the $2,300 standard deduction amount by one spouse on his/her separate return cannot be used by the other spouse on his/her separate return.