Drake Tax – 2024 Form Availability and Tax Changes: Mississippi

Article #: 20026

Last Updated: March 26, 2025

 

Drake Tax logo

Important  On Thursday, March 13, 2025, it came to our attention that Mississippi business return extensions, Form 83-180, were not being accepted by the state. As a result, previously submitted Forms 83-180 were rejected with MS Reject "1018." To prevent further rejects, e-filing has been temporarily disabled for Form 83-180.

We are actively working with the MS DOR to resolve this issue as quickly as possible. In the meantime, you will need to request an extension using one of these methods:

  • Pay Amount Due Online

    • Mississippi will grant an automatic extension of time to file if the tax due amount is paid on or before the due date – March 17, 2025. Payments can be made online at www.dor.ms.gov > Taxpayer Access Point.

  • Paper-file Extension

    • Complete MS screen EXT. Then, print and mail the completed extension Form 83-180, with a check for the expected amount due, to the address listed on the bottom of the form.

We apologize for any inconvenience that this may have caused and appreciate your patience. We will provide more information as it becomes available.

Supported Forms

The following Mississippi forms are supported in Drake Tax 2024. Forms denoted with e-Sign icon can be e-signed.

Note  Dates shown below are estimates based on the most up-to-date information currently available to Drake Software.

We are committed to meeting or exceeding the delivery dates listed; however, there may be additional factors that could impact the final date. The chart will be updated as new information becomes available.

Chart key:

t Form is supported in the indicated return type.

P Form is available for e-file / paper file.

r Form is not supported for e-file / paper file.

MM/DD Estimated availability date. Note that the date may differ for e-file vs. paper-file, and in some cases, e-filing may be approved before paper-filing or vice versa.

See Drake Tax - Do Not Mail Watermarks, Banners, EF Message 0001, Note 129 for more information about the notes, EF Messages, or watermarks that are generated during the approval process.

The chart may not be displayed as expected on mobile devices. The chart will wrap on smaller screens or windows - click the black arrow to expand the details when using this article on a smaller screen.

Form Description IND CRP SCRP PTR FID e-File Paper File
  Federal/State Depreciation Difference Worksheets t t t t t r P
21-002 MS Power of Attorney t t t t t P 03/29
73-033 Personal Property Rendition t         r P
80-105 Resident Individual Income Tax Return t         P P
80-106 Individual/Fiduciary Income Tax Voucher t       t r P
80-107 W-2 Income/Withholding Tax Schedule t       t P P
80-108 Schedules A, B, and N t         P P
80-115 (MS8453-IIT) e-Sign icon Declaration for Electronic Filing t         P P
80-115OL Online Electronic Filing Declaration t         P P
80-155 Net Operating Loss Schedule t         03/29 P
80-160 Tax Credit for Income Tax Paid to Other States t       t r P
80-161 Tax Credit for Tax Paid by an Electing Pass-Through Entity t       t 03/29 P
80-205 Nonresident/Part-Year Resident Income Tax Return t         P P
80-315 Reforestation Tax Credit t t t t t 03/29 P
80-320 Interest and Penalty Worksheet t         r P
80-340 Affidavit for Reservation Indian Income Exclusion t         r P
80-401 Tax Credit Summary Schedule t       t 03/29 P
80-491 Additional Dependents t         r P
81-110 Fiduciary Income Tax Return         t 03/29 P
81-115 (MS8453-F) e-Sign icon Fiduciary Declaration for Electronic Filing         t P P
81-131 Fiduciary Schedule K Beneficiaries’ Share of Income         t 03/29 P
81-132 Fiduciary Schedule K-1         t P P
83-105 Corporation Income and Franchise Tax Return   t       P P
83-110 Corporation Franchise Tax Schedule   t       03/29 P
83-115 (MS8453-C) e-Sign icon Corporation EF Declaration   t       r P
83-120 MS Balance Sheet   t t     P P
83-122 Computation of Net Taxable Income Schedule   t       P P
83-124 Direct Accounting Income Worksheet   t       03/29 03/29
83-125 Business Income Apportionment Schedule   t       03/29 P
83-150 Nonbusiness Income Schedule   t       r P
83-155 Net Operating Loss & Capital Loss Schedule   t       03/29 P
83-180 Application for Automatic Six-Month Extension   t t t   see note above P
83-300 Corporate Income Tax Voucher   t       r P
83-305 Underestimate of Corporate Income Tax Worksheet   t t     r P
83-310 Summary of Net Income of Corporations   t       P P
83-401 Income Tax Credit Summary   t       03/29 P
83-450 New Jobs Credit   t t t   r P
84-105 Pass-Through Entity Tax Return     t t   P P
84-110 S Corporation Franchise Tax Schedule     t     P P
84-115 (MS8453-PTE) e-Sign icon Pass-Through Entity EF Declaration     t t   r P
84-122 Net Taxable Income Schedule     t t   P P
84-124 Direct Accounting Income Statement     t t   03/29 03/29
84-125 Business Income Apportionment     t t   03/29 P
84-131 Schedule K     t t   P P
84-132 Schedule K-1     t t   P P
84-150 Nonbusiness Income Worksheet     t t   r P
84-155 Net Operating Loss Schedule     t t   03/29 P
84-161 Tax Credit for Income Tax Paid by Electing Pass-Through Entity   t t t   P P
84-300 Pass-Through Entity Income Tax Voucher     t t   r P
84-380 (S Corporation) Non-Resident Income Tax Agreement     t     r P
84-381 Pass-Through Entity Election     t t   r P
84-401 Tax Credit Summary Schedule     t t   03/29 P
710661 Installment Agreement t         03/29 P
MS4562 Depreciation and Amortization t t t t t r P

New Form

Form 84-161, Tax Credit For Income Tax Paid By Electing Pass-Through Entity, has been added for tax year 2024.

Modified Forms

  • Credit for Taxes Paid on an Electing Pass-Through Entity – Moved to the following lines:

    • Form 80-105, Resident Individual Income Tax Return – Line 26

    • Form 80-205, Nonresident/Part-Year Resident Individual Income Tax Return – Line 28

    • Form 81-110, Fiduciary Income Tax Return – Line 8

    • Form 83-105, Corporate Income and Franchise Tax Return – Line 12

    • Form 84-105, Pass-Through Entity Tax Return – Line 12

  • Form 80-160 (Tax Credit for Income Tax Paid to One or More Other States) – Changed line 6 so that the first $10,000 is now taxed at 0%. The tax rate for line 7 has decreased from 5% to 4.7%

  • New tax credits – Added the following credits to the Tax Credit Summary Schedule (Forms 80-401, 83-401, and 84-401:

    • Dependent Care Credit

    • Food Bank Charitable Contribution Credit

    • Low-Income Health Care Services Charitable Contribution Credit

    • Transitional Home Charitable Contribution Credit

Tax Law Changes

  • House Bill 531 – Taxable income up to and including $10,000 is now excluded from individual income tax.

  • House Bill 1733 – For tax years beginning after December 31, 2022, a taxpayer may elect to take a full and immediate deduction for certain specified research or experimental expenditures, or 100% bonus depreciation for expenditures of certain qualified business property.

  • Senate Bill 2696 – An individual income tax credit is available for up to $5,000 per dependent child residing outside of Mississippi before adoption and up to $10,000 per dependent child residing in Mississippi before adoption.

  • The franchise tax rate has been reduced from $1.50 à $1.25 per $1,000 of capital in excess of $100,000.