Taking a look at laws that went into effect on July 1st
Jackson, Miss. (WXXV)- New laws have gone into effect across the Magnolia State, ranging from the grocery tax, gas tax to the seafood labeling law. Frank Corder with the…
Taxes
Chamber Spotlight To the Rescue Bookkeeping
Biloxi Chamber Director Lawanda Jones introduces us to Hope Blankenship and the team at To the Rescue Bookkeeping in this month's "Chamber Member Spotlight."
Talking taxes and sports betting in Mississippi
GULFPORT, MISS. (WXXV)- State Senator Scott Delano joins us in studio to talk about the tax bill that was passed and an online sports betting bill that died.
Governor Reeves signs tax overhaul bill into law to phase out income tax
JACKSON, Miss. (WXXV)-Gov. Tate Reeves signed a bill to overhaul Mississippi’s tax system into law on Thursday. This sets Mississippi on a path to become the first state to eliminate an existing income tax, when the tax is phased out…
Change coming to state taxes
JACKSON, Miss. (WXXV)- We’re about two weeks away from the Mississippi Legislative Session wrapping up. The biggest piece of legislation coming out of the session is a sweeping tax reform bill.…
Senate and House pass revised plans to eliminate income tax, increase gasoline tax
By MICHAEL GOLDBERG and TAYLOR VANCE/Mississippi Today Updated 9:56 AM CDT, March 19, 2025 The GOP-controlled Mississippi House and Senate passed competing “compromise” plans on Tuesday to eliminate the state income tax and raise gasoline taxes — but the Senate only narrowly passed…
Mississippi House panel approves casino tax increase
By GEOFF PENDER/Mississippi Today Updated 11:11 AM CST, February 26, 2025 A Mississippi House committee has approved a proposed tax increase on casinos. House Ways and Means Committee Chairman Trey Lamar said his bill would increase taxes on Mississippi casinos from…
Tax season has begun. Here’s when you’ll get your refund
By CORA LEWIS Updated 10:16 AM CST, January 29, 2025 NEW YORK (AP) — Tax season is underway, and the IRS expects 140 million people will file returns by April 15. The agency has also debuted a new online tool to help taxpayers…
Mississippi Lt. Gov. Hosemann unveils $326 million ‘sustainable, cautious’ tax cut plan
By TAYLOR VANCE/Mississippi Today Updated 10:32 AM CST, February 13, 2025 Republican Lt. Gov. Delbert Hosemann on Wednesday unveiled a $326 million tax cut package that reduces the state income tax and the sales tax on groceries and raises the gasoline…
Proposal: eliminate income tax, add 5% tax on gas, allow cities, counties to levy local sales tax
By TAYLOR VANCE/Mississippi Today Updated 3:07 PM CST, January 13, 2025 House leaders on Friday unveiled a sweeping tax cut proposal that would eventually abolish the state income tax, slash taxes on groceries, increase local sales taxes and shore up funds…
Debating taxes at the Mississippi State Capitol
Tuesday marked the first day of the 2025 Legislative Session. WXXV News 25’s Dave Elliott was there for the opening of the session. A big topic of conversation this…
Ocean Springs, school district report error found in millage calculation
The City of Ocean Springs and the Ocean Springs School District recently found an error in how the millage for the 2024-2025 school district was calculated, resulting in a shortfall of taxes that were to go to the district. The…
Mississippi governor intent on income tax cut even if states receive less federal money
By EMILY WAGSTER PETTUS JACKSON, Miss. (AP) — Mississippi Republican Gov. Tate Reeves said Wednesday that he will continue pushing lawmakers to phase out the state income tax, even with the possibility of federal spending cuts that could affect states after Donald…
Mississippi House panel starts study that could lead to tax cuts
By EMILY WAGSTER PETTUS Updated 5:40 PM CDT, September 4, 2024 JACKSON, Miss. (AP) — Mississippi lawmakers could consider a comprehensive proposal next year to make the state’s tax system fairer and more efficient, a state House leader said Wednesday. Ways…
IRS.gov offers last-minute filing tips, resources to help taxpayers before April 15; Saturday hours at 70 locations nationwide
CHICAGO — With the April 15 tax deadline just around the corner, the Internal Revenue Service today again reminds last-minute tax filers that the agency has a variety of free tools and resources available on IRS.gov. From tax preparation, answers…
IRS alert: Beware of companies misrepresenting nutrition, wellness and general health expenses as medical care for FSAs, HSAs, HRAs and MSAs
WASHINGTON – Amid concerns about people being misled, the Internal Revenue Service today reminded taxpayers and heath spending plan administrators that personal expenses for general health and wellness are not considered medical expenses under the tax law. This means personal expenses are not deductible or reimbursable…
Vita Tax Program at Mercy Housing
Tax season is starting and Mercy Housing and Human Development has a program to help you with your taxes. Joining us today to tell us about the program is Lauren…
Tax season officially starting the last week of January
As the calendar turns, so does the impending arrival of tax season. It's that time of the year when individuals and businesses alike are…
IRS aims to go paperless by 2025 as part of its campaign to conquer mountains of paperwork
BY FATIMA HUSSEIN Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season as the agency aims to go completely paperless by 2025. The effort to reduce the exorbitant load…
Mississippians to get money from TurboTax settlement
Almost 38,000 Mississippians who used Intuit's TurboTax and paid for services that should have been free will receive checks from a settlement with the company. Attorney General Lynn Fitch today announced that consumers will begin receiving checks this month from…
Filing deadline for taxes is April 18th
The deadline to file taxes is just over a week away. The deadline to file taxes is April 18th. Is it too late to file your taxes? Mercy Housing…
Tax season already? Some tips for avoiding stress and scams
NEW YORK (AP) — For many people filing U.S. tax returns — especially those doing it for their first time — it can be a daunting task that’s often left to the last minute. But if you want to avoid…
Mississippi House leader modifies stance on tax reduction
By EMILY WAGSTER PETTUS Associated Press JACKSON, Miss. (AP) - Mississippi House Speaker Philip Gunn is modifying his stance on tax reduction. Instead of firmly stating he'll push to eliminate the state income tax, Gunn says he's open to discussing…
Trump’s tax returns released after long fight with Congress
By MICHAEL R. SISAK and JILL COLVIN Democrats in Congress released six years’ worth of former President Donald Trump’s tax returns on Friday, the culmination of a yearslong effort to learn about the finances of a onetime business mogul who…