Mississippi Department of Revenue Updates:
Mississippi will follow the federal extension to file the 2020 individual income tax returns from April 15, 2021 to May 17, 2021. This extension only applies to the filing of the individual income tax return and payment of tax due. Penalty and interest will not accrue on the returns filed and payments made on or before May 17, 2021.
This extension does not apply to the quarterly estimated payments due on April 15, 2021.
For more information see: https://www.dor.ms.gov/Pages/All-News.aspx
Internal Revenue Service Updates:
Tax Deadlines Changed
The deadlines for individuals to file and pay most federal income taxes are extended to May 17, 2021. Get details in this announcement.
American Rescue Plan Act of 2021
We’re reviewing the tax provisions of the American Rescue Plan Act of 2021, signed into law on March 11, 2021. See the latest IRS statement for more information and continue to check back for updates.
Employer Tax Credits
Many businesses that have been severely impacted by coronavirus (COVID-19) qualify for employer tax credits – the Credit for Sick and Family Leave and the Employee Retention Credit.