Mississippi allows for a subtraction of retirement income on the state return. Only enter the amount received as a normal distribution. Early or Excess distributions do not qualify for this subtraction. Separation pay and deferred compensation plan distributions do not qualify for this subtraction.
Program Entry
- State Section
- Mississippi Return
- Subtractions from Income
- Enter the portion of Pension and IRA Income from Federal, State and private retirement systems that are Exempt from MS tax