Mississippi Paycheck Calculator
Calculate your take home pay after federal & Mississippi taxes
Last updated on Jul 19 2021
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Mississippi state income tax
Brief summary:
- the income tax rate ranges from 0% to 5%
- no state-level payroll tax
- has standard deductions and exemptions
- no additional state-level tax credits
Mississippi fiscal year starts from July 01 the year before to June 30 the current year. So the fiscal year 2021 will start from July 01 2020 to June 30 2021.
Calculating your Mississippi state income tax is similar to the steps we listed on our Federal paycheck calculator:
- figure out your filing status
- work out your adjusted gross income [Total annual income – Adjustments = Adjusted gross income]
- calculate your taxable income [Adjusted gross income – (Post-tax deductions + Exemptions) = Taxable income]
- understand your tax liability [Taxable income × Tax rate = Tax liability]
- determine whether your tax liability is more than your tax credits and withheld
- Tax liability – (Credits + Withheld) = What you owe or
- (Credits + Withheld) – Tax liability = Tax refunds
State payroll tax
There is no state-level payroll tax.
Income tax brackets
Each filer type has different progressive tax rates. Refer to Tax Foundation for more details.
| Fiscal year | Filing status | Taxable income | Rate |
|---|---|---|---|
| 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 – $1,000 | 0% |
| $1,000 – $5,000 | 3% | ||
| $5,000 – $10,000 | 4% | ||
| $10,000+ | 5% |
Deductions
| Fiscal year | Filing status | Standard deduction amount |
|---|---|---|
| 2021 2020 |
Single Married, Filing Separately |
$2,300 |
| Married, Filing Jointly | $4,600 | |
| Head of Household | $3,400 |
Exemptions
There is state-level exemptions for all type of filers and dependents. Refer to Tax Foundation for more details.
| Fiscal year | Filing status | Personal exemption amount |
|---|---|---|
| 2021 2020 |
Single Married, Filing Separately Head of Household |
$6,000 |
| Married, Filing Jointly or Widow(er) | $12,000 | |
| Dependent(s) | $1,500 |
Earned Income Tax Credit (EITC)
There is no state-level EITC.
Child Tax Credit (CTC)
There is no state-level CTC.
FAQs
What taxes do Mississippian pay?
Beside the federal income tax, Mississippians need to pay the state-level income tax ranging from 0% to 5%. There is no state-level payroll tax.
How much do you make after taxes in Mississippi?
A single filer with an annual wage of $44,000 will take home $35,544 after taxes.
If a married couple earn a combined annual income of $88,000, their take home pay will be $70,818.