TopConsumerReviews.com United States Map
      February 16, 2019

Home  >  Tax Relief  >  Shop By State  >  Mississippi

Your Information Is Secure
60-Plus Ways to Save Money Newsletter

Latest Reviews

Bunk Beds

Charm Bracelets

Dating Sites

Eczema

Flower Delivery

Fruit Baskets

Guitar Lessons

Hair Loss

Menopause Relief

Online Stock Brokers

Watches

 

Related Articles

Can the IRS Garnish Wages?

How To Choose A Tax Relief Agency

Protecting Yourself From Tax Relief Scams

Questions To Ask Tax Relief Agencies

Why Would The IRS Settle My Tax Debt?

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Tax Relief in Mississippi

Mississippi MapMississippi residents tend to pay lower taxes than most states in the nation. For example, the state’s top personal income tax rate of 5% is 18th lowest among all states that collect individual income taxes. Mississippi collects a yearly average of $470 per person in state and local income taxes combined, which ranks 11th lowest nationwide.

Property taxes in Mississippi average $856 per person, 10th lowest in the United States. And, Mississippi residents pay the lowest average amount of federal income taxes at $7,402, more than $4,000 less than the national average.

However, with the fourth lowest median household income in the nation ($40,850) and a 12% decline in that median income in recent years, many individuals in Mississippi are struggling to meet their financial obligations, including tax debt.

Despite having a lower tax obligation, Mississippi residents are not immune to owing money to local, state and federal tax entities. Planning ahead and saving for April 15th every year is difficult for many of those that live paycheck-to-paycheck. Making car payments, purchasing groceries and taking care of medical needs often trump putting money into a savings account for Uncle Sam. Also, changes in financial circumstances - retirement, disability, and so forth - can push individuals into higher tax brackets and create a nasty surprise when it comes time to file tax returns.

Tax relief has become a focus for many residents of Mississippi as an approach to managing overwhelming financial struggles. These struggles can leave people facing seizure of assets or garnishment of wages in order to pay off taxes owed to federal and local tax authorities. Tax relief companies’ work with clients to create effective solutions to tax problems and can even significantly reduce their tax debt. A range of strategies can be employed by experts in tax relief, such as setting up IRS payment plans, audit representation and reconsideration, and negotiating penalty abatement.

 

Elizabeth Warren's popular plan to tax the rich is probably unconstitutional

But if the tax is applied to just the super rich in a given state, other weird problems emerge, since Article I used the percentage of the national population as a whole. Some states, such as Kansas o...

Published:  Fri, 15 Feb 2019 03:14:00 GMT



The Art Dealer Mary Boone Is Sentenced to Prison for Tax Fraud

But a federal judge sentenced her to two and a half years in prison for offenses connected to a tax fraud that prosecutors said had cost the government $3 million in revenue. "I stand before you today ...

Published:  Thu, 14 Feb 2019 14:45:00 GMT



Mississippi County voters approve splitting hospital tax

The special election comes as Mississippi County residents decide whether or not to extend the current half-cent hospital tax and split it to include renovations to the Blytheville and Osceola Courtho...

Published:  Wed, 13 Feb 2019 06:04:00 GMT



Fox & Friends Blames Americans for Lower Tax Refunds

Most working people who have filed 2018 tax returns so far have been surprised at getting ... address rather than going back to the government and asking someone in Mississippi to subsidize a milliona...

Published:  Thu, 14 Feb 2019 04:44:00 GMT



Mississippi accountant on trial on federal tax charges

HATTIESBURG, Miss. (AP) - A federal trial has started for a former certified public accountant facing tax-related charges in Mississippi. News outlets reported the trial of 73-year-old Carl Nicholson ...

Published:  Tue, 05 Feb 2019 06:34:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure