Hello JA Customer,
While regular pension income is exempt from tax in MS, excess distributions are subject to tax.
The instructions for line 43 where taxable pension income is reported state the following:
Enter the total amount of taxable pensions and annuities received on this line. Pensions and annuities that are taxable as early or excess distributions under the Federal Internal Revenue Code (see Federal Form 5329) do not qualify for exemption from Mississippi income tax. Such income should be reported on this line as taxable income.
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