Normally, Mississippi individual income tax returns are due April 15—but these are not normal times. In responding to the COVID-19 pandemic, the state has moved the deadline twice.
In March, the state moved the deadline to file and pay 2019 individual income tax to May 15, 2020. First quarter 2020 Mississippi estimated tax payments were also extended to May 15.
However, the due date was later extended to July 15, 2020. Both first quarter and second quarter estimated Mississippi tax payments were also pushed back to July 15. This matches the due date for federal income tax returns and estimated tax payments for the first half of the year.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Filing Extensions Beyond July 15
If you're unable to file your Mississippi tax return by July 15, and you expect to owe state tax, then you should file for an extension to October 15, 2020. The only way to file for a Mississippi extension is to file Form 80-106. Make sure you check the "Extension Payment" box and submitting the estimated amount of tax due.
If you don't expect to owe a tax, then you don't have to do anything. That includes sending a federal tax return extension form to the Mississippi Department of Revenue (they can't process the federal form).
Be warned, though, that an extension of time to file your return is not an extension of time to pay the tax due. Any tax due after July 15, 2020, is subject to a late payment penalty of 0.5% per month (not to exceed 25%) and interest of 0.5% per month. Plus, a Mississippi return that isn't filed by October 15 is subject to late filing penalty of 5% per month (not to exceed 25%).
-
Stock Market Today: Have We Seen the Bottom for Stocks?Solid first-quarter earnings suggest fundamentals remain solid, and recent price action is encouraging too.
-
Is the GOP Secretly Planning to Raise Taxes on the Rich?Tax Reform As high-stakes tax reform talks resume on Capitol Hill, questions are swirling about what Republicans and President Trump will do.
-
Ten Cheapest Places To Live in FloridaProperty Tax Make your Florida vacation spot daily living — these counties have the lowest property tax bills in the state.
-
Missed Tax Day? Nearly One Million Taxpayers Still Can File and Claim Valuable Tax RefundsTax Refunds As many as one million taxpayers could be missing out on a significant tax refund.
-
Which Generation Pays the Most Tax in the US?Tax Burden Polls show that most people feel like taxes are unfair. But which age group bears the brunt of the tax burden in the United States?
-
Tax Day 2025: Don’t Miss These Freebies, Food Deals and DiscountsTax Day You can score some sweet deals on April 15 in some select restaurants like Burger King, Shake Shack, and more.
-
Tax Time: Does Your Kid Influencer Owe Taxes?State Tax Some minors are making big money on social media. Here’s how to know if they need to file taxes.
-
Trump Plans to Terminate IRS Direct File programTax Filing The IRS Direct File program was piloted last year in 12 states and has since expanded to 25. But will it last under the Trump administration?
-
How Caregivers for Adults Can Save on Taxes in 2025Tax Breaks Caring for your parent or spouse can be stressful, but the IRS offers tax breaks for qualifying taxpayers. Here they are.
-
U.S. Treasury to Eliminate Paper Checks: What It Means for Tax Refunds, Social Security
Treasury President Trump signed an executive order forcing the federal government to phase out paper check disbursements by the fall.
