Depositing and Reporting Withheld Taxes: Mississippi
Federal law and guidance on this subject should be reviewed together with this section.
Author: Vicki M. Lambert, The Payroll Advisor
- The deposit thresholds and due dates are based on how much an employer withholds during a month. See Deposit Thresholds and Schedules.
- Employers that do not deposit electronically must complete the appropriate form. See Forms.
- Penalties are imposed for failure to comply with the income tax depositing and filing requirements. See Penalties.
- Employers are encouraged, but not required to make deposits by electronic funds transfer (EFT). See Electronic Deposit Requirements.