Mississippi Salary & Paycheck Calculators
Updated October 2024Mississippi employs a graduated income tax system with rates ranging from 0% to 5%, which can significantly impact your net income based on your earnings level. While not as complex as some other states, Mississippi's tax code includes various deductions and exemptions that affect your paycheck.
Mississippi Income Tax Highlights
- 0% on the first $5,000 of taxable income
- 4% on taxable income between $5,001 and $10,000
- 5% on all taxable income over $10,000
These rates apply to residents on all sources of income and to non-residents on Mississippi-sourced income. The state allows for certain deductions and credits that can affect your taxable income.
Mississippi Calculators & Tools
Calculate Your Take-Home Pay
Input your income details and see how much you make after taxes and deductions.
Bonus Calculators
Find out how much your bonus will be taxed.
Net-to-Gross
Find out how much your gross pay should be for a specific take-home pay.
Withholding Forms
Specialty Calculators
Dual Scenario Hourly
Compare your take home pay in different hourly scenarios.
Dual Scenario Salary
Compare your take home pay in different salary scenarios.
401k Calculator
See how increasing your 401k contributions will affect your paycheck and your retirement savings.
Tax Tip Calculator
Determine your take home from tips after taxes
Key Points to remember about the Mississippi Paycheck Structure
- Progressive tax system with three brackets
- Standard deduction of $2,300 for single filers and $4,600 for married couples filing jointly
- Personal exemption of $6,000 for single filers and $12,000 for married couples filing jointly
- No local income taxes
- Mississippi does not tax Social Security benefits
Understanding these aspects of Mississippi's tax landscape is crucial for accurately estimating your net income and managing your finances effectively in the Magnolia State. While Mississippi's tax system is relatively straightforward, it's important to consider the various deductions and credits available to optimize your tax situation.
Learn more about the Payroll Process in Mississippi
Visit the Mississippi Payroll Guide page
Fun Facts
Known as the birthplace of blues music, Mississippi has a rich cultural history tied to the Civil War and Civil Rights Movement. The state is a leading producer of cotton. Its southern hospitality and traditions are a defining part of its identity.
