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2026 SKILLS showcase
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Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
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Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen MSAdj-2 - Mississippi Other Adjustments (1040)
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Overview
Use this screen to enter information for the Adjustments section of Form 80-105/80-205.
Catastrophe Savings Account Deduction and Tax
Use this section to complete the Mississippi Catastrophe Savings Tax Worksheet.
Current year savings account contribution
Enter contributions to a Catastrophe Savings Account to claim a deduction.
Prior year(s) contributions not previously claimed
This amount proformas from the prior year and is used in calculation of the current year deduction.
Distributions
Use these fields to report a Catastrophe Savings Account distribution and the related qualified expense.
Exceptions to tax
If a taxpayer can claim an exception to the tax, indicate that here.
First-Time Home Buyer Savings Account Deduction and Penalty
Use this section to claim a First-Time Home Buyer Savings Account deduction and complete the Mississippi First-Time Home Buyer Non-Qualified Distribution Worksheet.
Savings account contribution
Enter contributions to a First-Time Home Buyer Savings Account to claim a deduction.
Distributions
Use these fields to report a First-Time Home Buyer Savings Account distribution and the related qualified costs.
Exceptions to penalty
If a filer can claim an exception to the penalty, indicate that here.