80-160 Form Mississippi Tax Credit For Income Tax Paid To One Or More Other States

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Form 80-160-16-8-1-000 (Rev. 4/16)
Mississippi
Print Form
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
INCOME EARNED
INCOME EARNED
INCOME EARNED
TOTAL
EVERYWHERE
IN STATE OF
IN STATE OF
IN STATE OF
OUT OF STATE
INCOME
Taxpayer
(line 4, column 3 plus
Spouse
Joint or Single
column 4 and column 5)
(Name of State)
(Name of State)
(Name of State)
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
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
Column 3
Column 4
Column 5
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
TOTAL
MULTIPLY TAX COMPUTED AT LEFT BY RATIO ABOVE
Column 6
Enter amount from line 4,
Total Income Tax
Line 5, column 3
Line 5, column 4
Line 5, column 5
Line 11, column 3 plus
column 6
multiplied by column B
multiplied by column B
multiplied by column B
Column A
Rates
Column B
column 4 and column 5
6
First $5,000 or part
X 3 %
=
7
Next $5,000 or part
X 4 %
=
8
Remaining Balance
X 5 %
=
9
Tax credit computed (add lines 6 through 8 in columns 3, 4 and 5)
10 Income tax due to other states (from other states return(s),
attach other states return(s))
11 Enter the lesser of line 9 or line 10 (column 3 through column 5)
12 Enter amount of income tax due (from Form 80-105, page 1, line 17
or Form 81-110, page 1, line 2)
.
12
00
13 Allowable tax credit for tax paid to other states (the lesser of line 11, column 6 or line 12;
enter here and on Form 80-105, page 1, line 18 or on Form 81-110, page 1, line 3)
.
13
00
Duplex and Photocopies NOT Acceptable

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