83-401: Tax Credit Summary Schedule (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 83-401 is the 2025 Tax Credit Summary Schedule for franchise and income tax credits. It reports credits earned, received from pass-through entities, carried over from prior years, used, expired or allocated, and available to carry over to next year.
What you'll need
Have the following information ready for the 2025 schedule:
- Your FEIN.
- Each tax credit’s code and amounts: earned this year, received from a pass-through entity, carried over from a prior year, used this year, and expired or allocated this year.
- A statement to attach if claiming the Historic Structure Rehabilitation credit, code 26.
- The charitable organization’s name if using code 36, 39, 42, 43, or 45. Attach a statement if needed.
Common mistakes
- Do not overlook the instruction to consult Form 83-100 if taking more than three income tax credits.
- Remember to attach a statement for the Historic Structure Rehabilitation credit, code 26.
- If selecting code 36, 39, 42, 43, or 45, enter the charitable organization’s name on line 5. Attach a statement if needed.
Questions people ask
Which credits go in Part I?
Part I is for franchise tax credits with codes 16, 19, 50, and 60. Part II is for income tax credits.
How do I calculate the carryover available for next year?
Column G uses the formula B + C + D − E − F. Add the credit earned this year, credit received from a pass-through entity, and carryover from the prior year. Then subtract the credit used this year and the credit expired or allocated this year.
Where do I enter the total credits used this year?
For franchise tax credits, total column E on line 1 and enter that amount on Form 83-105, page 1, line 3. For income tax credits, total column E on line 3 and enter that amount on Form 83-105, page 1, line 7; Form 83-391, page 1, line 4; or Form 83-310, column B, line 5.
Where do I report total credits available for next year?
Total column G in Part I on line 2 for franchise tax credits. Total column G in Part II on line 4 for income tax credits.