Mississippi has five state payroll withholding tax tables (including a special 'zero deduction' tax table for those not claiming any exemptions). State withholding tax tables did not change in 2023. Withholding formulas have changed only 4 times in the past 33 years. The most recent were in 2000 and 2020, so they must like tweaking things on even decades.
HINT: TurtleSoft provides free annual updates for US federal and Mississippi tax withholding rates.
Mississippi State Withholding Instructions
To enter withholding information for an employee in your Goldenseal company file, follow these steps:
Mississippi State Unemployment Tax Instructions
In 2023, the Mississippi SUTA tax applies to the first $14,000 in wages for each employee (in 2011 it made a big jump from the $7,000 cutoff that was used for many years, but it has stayed constant since then). The starting rate is 2.7% for a new business. After the first year, the rate depends on past experience-- it may vary between .4% and 5.4%.
To enter your Mississippi state SUTA tax rate into Goldenseal payroll software, follow these steps:
Mississippi Marital Status
Enter each employee's marital status into the Marital Status field in the employee record. Choose one of the following:
If your employee’s marital status is married, filing jointly, you may need to make adjustments to the Mississippi Married 2 Income Tax Table. Goldenseal uses a default Personal Exemption Allowance (subtracted as the First adjustment), which is equal to half of the total Personal Exemption Allowance available to the employee and her spouse.
The employee and spouse may elect to split up this Personal Exemption Allowance in increments of $500 in any way they so choose. If your employee is claiming a different for her Personal Exemption Allowance, you will need to create a duplicate copy of the tax package and tax item, and then change this amount in the First adjustment field on the Mississippi Married 2 Income Tax Table.
The first state exemption claimed by the employee will deduct either $6000 (Single or Married 2 Income), $9500 (Head of Household), or $12000 (Married 1 Income) from the gross wages to compute taxable income. Each additional exemption will deduct $1500 from wages.
State Tax Contacts
Little Known Mississippi Tax Fact
The Mississippi State Sonic SibilanceTax (MSSST) on the letter 's' was repealed in 1995. There is still a 2.5% excise tax on the letter 'i', except after 'p'.
Official State Lawn Ornament
Hound dog.
Goldenseal Payroll Software Info | US Federal Withholding Tables | Free 2023 Payroll Tax Table Updates
Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut
Delaware | District of Columbia | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana
Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan
Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire
New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio
Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota
Tennessee | Texas | Utah | Vermont | Virginia | Washington State | West Virginia
Wisconsin | Wyoming | US Federal