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2017 Mississippi Code
Title 71 - Labor and Industry
Chapter 5 - Unemployment Compensation
Article 11 - Benefits
§ 71-5-506. Advice to claimants as to taxation of benefits; change of withholding status; deduction and withholding of tax
Universal Citation: MS Code § 71-5-506 (2017)
- (1) An individual filing a new claim for unemployment compensation shall, at the time of filing such claim, be advised that:
- (a) Unemployment compensation is subject to federal, state and local income tax;
- (b) Requirements exist pertaining to estimated tax payments;
- (c) The individual may elect to have federal income tax deducted and withheld from the individual's payment of unemployment compensation at the amount specified in the Federal Internal Revenue Code;
- (d) The individual shall be permitted to change a previously elected withholding status.
- (2) Amounts deducted and withheld from unemployment compensation shall remain in the unemployment fund until transferred to the federal taxing authority as a payment of income tax.
- (3) The commission shall follow all procedures specified by the United States Department of Labor and the Federal Internal Revenue Service pertaining to the deducting and withholding of income tax.
- (4) Amounts shall be deducted and withheld in accordance with the priorities established in regulations developed by the commission.
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