Mississippi Credit for Tax Paid Another State

Credit for Tax Paid Another State
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Form 80-160-23-8-1-000 (Rev. 11/23)

Mississippi

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Tax Credit For Income Tax Paid
To One Or More Other States
Name

SSN

Tax credit, as determined below, is allowed only to LEGAL RESIDENTS of Mississippi who pay an income tax imposed by another state on income
earned therein and taxed by Mississippi. If a credit is claimed for tax paid to another state, there must be attached to the Mississippi income tax
return a copy of the income tax return filed with the other state and proof of payment of tax. A copy of the Wage and Tax Statement indicating
tax withheld is not considered proof of payment of the liability to another state.
INCOME SUMMARY
TOTAL INCOME EARNED
EVERYWHERE
Taxpayer
Joint or Single

Spouse

Column 1

Column 2

INCOME EARNED INCOME EARNED INCOME EARNED
IN STATE OF
IN STATE OF
IN STATE OF

TOTAL
OUT OF STATE
INCOME

(Name of State)

(Name of State)

(Name of State)

(line 4, column 3 plus
column 4 and column 5)

Column 3

Column 4

Column 5

Column 6

Column 3

Column 4

Column 5

1 Total Income
2 Standard or Itemized
Deduction(s)
3 Exemption
4 Taxable Income
(line 1 minus line 2 and line 3)

COMPUTATION OF TAX CREDIT

5 Ratio (divide amounts on line 4, columns 3, 4 and 5 by the amount
on line 4, column 6)

%

%

%

OTHER STATES INCOME AT MISSISSIPPI RATES
Enter amount from line 4,
column 6
6

First $10,000 or part

7

Remaining Balance

TOTAL
MULTIPLY TAX COMPUTED AT LEFT BY RATIO ABOVE

Total Income Tax

Column A

Rates

Column B

X0%

=

X5%

=

0

Line 5, column 3
multiplied by column B

Line 5, column 4
multiplied by column B

Line 5, column 5
multiplied by column B

0

0

0

Column 6
Line 10, column 3 plus
column 4 and column 5

8 Tax credit computed (add lines 6 and 7 in columns 3, 4 and 5)
9 Income tax due to other states (from other states return(s),
attach other states return(s))
10 Enter the lesser of line 8 or line 9 (column 3 through column 5)

11 Enter amount of income tax due (from Form 80-105, page 1, line 17
or Form 81-110, page 1, line 2)

11

12 Allowable tax credit for tax paid to other states (the lesser of line 10, column 6 or line 11;
enter here and on Form 80-105, page 1, line 18 or on Form 81-110, page 1, line 3)

.00

12

.00

Duplex and Photocopies NOT Acceptable

Form 80-160-23-8-2-000 (Rev. 11/23)

Mississippi

Tax Credit For Income Tax Paid
To One Or More Other States
If you are a resident of Mississippi who earns income in another state and are required to pay an income tax to that other state, you are allowed to
take a credit against your Mississippi income tax due in the same year for the total income tax due to the other state (subject to certain limitations). The
withholding amounts shown on your W-2 forms are NOT the same as actual tax paid to the other state. Copies of withholding statements are not
sufficient to establish the credit. In order to be allowed this credit, you MUST file an income tax return with the other state and attach a copy of the other
state returns along with this Form 80-160 to your Mississippi return.

Limitations
Miss. Code Ann. Section 27-7-77 provides for the following three limitations:
(1) The credit may not exceed the amount of income tax due the State of Mississippi, indicated on line 17;
(2) The credit may not exceed the amount of income tax actually paid to the other state; and
(3) The credit may not exceed an amount computed by applying the highest applicable Mississippi rates to the net taxable income reported to the other
state. Highest rates is defined as the highest rates at which the net taxable income reported to the other state is taxable by the State of Mississippi.

Specific Line Instructions
Income Summary
Line 1

Enter the total income earned everywhere in column 1 and column 2, if applicable. Enter the income earned in other states separately in
columns 3, 4 and 5. The name of each state should be entered above columns 3, 4 and 5.

Line 2

Enter the standard or itemized deduction(s) claimed on your Mississippi return in column 1 and column 2, if applicable. Enter the standard or
itemized deduction(s) claimed on your other state return(s) in columns 3, 4 and 5.

Line 3

Enter the exemption amount claimed on your Mississippi return in column 1 and column 2, if applicable. Enter the exemption amount claimed
on your other state return(s) in columns 3, 4 and 5. Allocate deductions and exemptions to the taxpayer and/or spouse in the same manner
as state return(s).

Line 4

Enter the taxable income in columns 1 through 5 by subtracting line 2 and line 3 from line 1. Enter the total out of state taxable income in
column 6 by adding columns 3, 4 and 5.

Computation of Tax Credit
Line 5

Enter the ratio by dividing amounts on line 4, columns 3, 4 and 5 by the amount on line 4, column 6.

Line 6

Enter the first $10,000 of taxable income or part ($0 - $10,000) of amount in line 4, column 6 on line 6, column A. Enter $0 in column B (by
multiplying column A by 0%) and in columns 3, 4 and 5.

Line 7

Enter the remaining balance of taxable income ($10,001 and above) of amount in line 4, column 6 on line 7, column A. Enter the total
income tax in column B by multiplying column A by 5%. Enter the percentage of tax due by multiplying the amount in column B by the ratio
amounts in line 5, columns 3, 4 and 5.

Line 8

Enter the computed tax credit by adding lines 6 and 7 in columns 3, 4 and 5.

Line 9

Enter the income tax due to other states (from other state return(s) and attach a copy of the other state return(s).)

Line 10

Enter the lesser of line 8 or line 9, columns 3, 4 and 5. Enter in column 6 the total of columns 3 through 5.

Line 11

Enter the amount of income tax due on Form 80-105, page 1, line 17 or Form 81-110, page 1, line 2.

Line 12

Enter the amount of allowable tax credit for tax paid to other states (the lesser of line 10, column 6 or line 11; enter here and on Form 80-105,
page 1, line 18 or on Form 81-110, page 1, line 3.)