15, 2023: The Mississippi Mobile Sports Betting Task Force releases a report detailing potential tax returns from legal online sports betting.ĭec. Here’s some background on the Magnolia State’s march to legal sports betting:ĭec. Photo via Kevin on Flickr.One of the first states to legalize retail sports betting in 2018, Mississippi lawmakers have taken a much more deliberate approach to grow the state’s online betting market. Remember, just like your federal return, your Mississippi return is due April 15th. Similarly, if you are a Mississippi resident, you don’t need to report gambling winnings as income on your Mississippi state return.Īlso note that you cannot get a refund for taxes withheld from gambling winnings by Mississippi casinos. If you’re a nonresident and the only income you earned in Mississippi was gambling winnings, you don’t need to file a Mississippi state return. Gambling winnings are an exception to this rule. For example, if your W-2 states that Mississippi income tax was withheld from your pay over the course of the tax year, you should file a Mississippi return so you can get that money back in the form of an income. If you worked in multiple states during the tax year, your W-2 should tell you how much money you earned in each state.īut sometimes, even if you are not required to file a Mississippi tax return, you could benefit from doing so. Do note that if your allowable deductions and exemptions are greater than your Mississippi income, you do not need to file a nonresident return. While this return will require you to report your total income, it will only tax you on the income you earned in Mississippi. If you are not a Mississippi resident but earned income in Mississippi then you have to file a nonresident return. You will also have to file a part-year resident return in the state that you moved to/from. If you moved during the year either into or out of Mississippi, you will have to file a part-year resident return that taxes you on all of your income for the portion of the year that you were a Mississippi resident. This return will tax you on all of your income, no matter where it was earned. If you are a Mississippi resident, then you have to file a Mississippi return. There are two different types of state tax returns you have to look out for: resident and nonresident returns. Oftentimes the most complicated thing about state taxes is figuring out whether you have to file at all. Find out if you have to file a Mississippi income tax return when you file your federalĪs if filing a federal tax return weren’t complicated enough, the states have to go and add their own tax forms on top of it.

Does mississippi tax gambling winnings