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Depositing and Reporting Withheld Taxes: Mississippi

Depositing and Reporting Withheld Taxes requirements for other states

Federal law and guidance on this subject should be reviewed together with this section.

Author: Vicki M. Lambert, The Payroll Advisor

Summary

  • 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.
  • Mississippi employers must deposit taxes on either a monthly or quarterly basis. See Deposit and Filing Due Dates.
  • 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.
  • Employers are required to file an annual reconciliation return by January 31 for the prior year if they file paper copies of Form W-2. See Annual Reconciliation Forms and Filing Deadlines.
  • Certain employers are required to file Forms W-2, Wage and Tax Statement, electronically with the state revenue department. See Form W-2 Filing Requirements.