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  • Mississippi Employee's Withholding Exemption Certificate

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Form 89-350-12-8-1-000 (Rev. 11/12) MISSISSIPPI EMPLOYEE'S WITHHOLDING EXEMPTION CERTIFICATE Employee's Name Mississippi Department of Revenue P.O. Box 960 Jackson, MS 39205 EMPLOYEE: File this form.

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If you had no tax liability in the prior year and you do not expect to owe anything in the current year, you might qualify to be exempt from federal income tax withholding. You can claim exemption if your income is less than $1,050 and you are a dependent on another person's return.

Every other state has a personal income tax which therefore requires employers to withhold the tax from employees' wages. ... Most states have their own exemption certificate form that, for state withholding purposes, serves the equivalent function of the federal Form W-4.

Mississippi State Payroll TaxesMississippi's state income tax is fairly straightforward. There are just three income tax brackets, and the tax rates range from 3% to 5%. Employees who earn more than $10,000 a year will hit the top bracket.

Exemption from Withholding If an employee qualifies, he or she can also use Form W-4 to tell you not to deduct any federal income tax from his or her wages. To qualify for this exempt status, the employee must have had no tax liability for the previous year and must expect to have no tax liability for the current year.

Mississippi requires employers to withhold income taxes from employee paychecks in addition to employer paid unemployment taxes. You can find Mississippi's tax rates here. Employees fill out Form 89-350 Mississippi Employee's Withholding Exemption Certificate, to be used when calculating withholdings.

The federal income tax exemption does not automatically exempt the employee from state or local income taxes. In some states, Form W-4 might or might not exempt the employee from state or local income taxes. The employee might need to fill out a different form for state or local withholding.

The Mississippi Form 89-350, Employee's Withholding Exemption Certificate, must be completed so that you know how much state income tax to withhold from your new employee's wages.

A withholding allowance is an exemption that reduces how much income tax an employer deducts from an employee's paycheck. ... The more tax allowances you claim, the less income tax will be withheld from a paycheck, and vice versa.

One may claim exempt from 2020 federal tax withholding if they BOTH: had no federal income tax liability in 2019 and you expect to have no federal income tax liability in 2020. If you claim exempt, no federal income tax is withheld from your paycheck; you may owe taxes and penalties when you file your 2020 tax return.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232