Mississippi Income Tax Calculator
Estimate your Mississippi income tax burden
Updated for 2023 tax year on Dec 8, 2023
Income tax calculators by state
Mississippi state taxes
Quick Mississippi tax facts
- State income tax: 0% to 5%
- State sales tax: 7%
- Property tax: 0.8%
- Gas tax: 18.4 cents per gallon
- Tobacco tax: $0.68 per pack of 20
- Insurance premium tax: 3%
From Wikipedia
Mississippi income taxes
In Mississippi, state income tax is imposed on a graduated scale. It starts at 0% and the maximum rate of 5%. The progression to the 5% rate happens through a series of brackets that offer a balanced system for taxpayers.
There are no local income taxes imposed in Mississippi, which simplifies tax computation for residents and employers in the state.
The state of Mississippi offers a standard deduction and exemptions.
Calculate your income tax in Mississippi
Calculating your Mississippi state income tax is similar to the steps we listed on our Federal income tax calculator:
- Determine your filing status
- Work out your adjusted gross income [Gross income − Retirement contributions = Adjusted gross income]
- Calculate your state taxable income [Adjusted gross income − (Standard/Itemized deductions + Exemptions) = State taxable income]
- Figure out your state/local tax liability [State taxable income × State tax rate = State tax liability]
State income tax brackets
Each filer type has different progressive tax rates. Refer to Tax Foundation for more details.
| Tax year | Filing status | Taxable income | Rate |
|---|---|---|---|
| 2023 2022 |
Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $5,000 | 0% |
| $5,000 – $10,000 | 4% | ||
| $10,000+ | 5% | ||
| 2021 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $4,000 | 0% |
| $4,000 – $5,000 | 3% | ||
| $5,000 – $10,000 | 4% | ||
| $10,000+ | 5% | ||
| 2020 | Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $3,000 | 0% |
| $3,000 – $5,000 | 3% | ||
| $5,000 – $10,000 | 4% | ||
| $10,000+ | 5% |
State standard deduction
| Tax year | Filing status | Standard deduction amount |
|---|---|---|
| 2023 2022 2021 2020 |
Single Married, Filing Separately |
$2,300 |
| Married, Filing Jointly | $4,600 | |
| Head of Household | $3,400 |
State exemptions
There is state-level exemptions for all type of filers and dependents. Refer to Tax Foundation for more details.
| Tax year | Filing status | Personal exemption amount |
|---|---|---|
| 2023 2022 2021 2020 |
Single Married, Filing Separately Head of Household |
$6,000 |
| Married, Filing Jointly or Widow(er) | $12,000 | |
| Dependent(s) | $1,500 |
Mississippi sales tax
The statewide sales tax rate in Mississippi is a relatively straightforward 7%.
Mississippi property tax
Property taxes in Mississippi are notably low, with the effective rate averaging approximately 0.8% of a property’s assessed value.
Mississippi capital gains tax
Capital gains in Mississippi are taxed as regular income, so they fall under the state’s graduated income tax structure.
Mississippi gas tax
Mississippi imposes a gas tax of 18.4 cents per gallon.
Mississippi tobacco tax
The tobacco tax in Mississippi is $0.68 per pack of 20 cigarettes.
Mississippi insurance tax
In Mississippi, a tax of 3% is imposed on insurance premiums written.
FAQs
How do I calculate my Mississippi income tax?<br>
Calculate your Mississippi state income tax with the following six steps.
- Determine your filing status
- Gross income − Retirement contributions = Adjusted gross income
- Adjusted gross income − (Standard/Itemized deductions + Exemptions) = State taxable income
- State taxable income × State tax rate = State tax liability
How much is $44000 a year after taxes in Mississippi?
A single Mississippian who earns a $44,000 annual salary, has a total income tax of $8,249 and $35,751 after-tax income.