Mississippi tax basis is the state adjusted taxes.

Interest/Divident Income: Interest and Divident income from U.S. government bonds are exempt from State Taxes.

Rent Income: Same as federal.

Capital Gain: The Capital Gains are treated similar to Federal Taxes for State Taxes.

Unemployment Income: Same as federal

Social Security Benefits: All social security income is exempt from state taxes.

State Bond Interest: Taxable except Mississippi obligations

Health Savings Accounts: Same as federal.

Disability: Same as federal.

Lottery: Mississippi gambling income is exempt

Federal Income Tax: Not deductible.

Other Taxes: Deduction for prepaid tuition contracts and qualified college

Check other state tax links below.