Mississippi individual income tax
If you're a resident or nonresident of Mississippi, you'll be subject to the state's individual income tax. The tax is calculated based on an individual's federal-adjusted gross income and has varying rates, from 3% to 5%.
April 18
Return due in 2023
5%
Top marginal tax rate
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Pay income tax online
Visit the official state government’s website to pay individual income tax online.
Visit MSDOR
What is Mississippi income tax?
Individual income tax
Individual income tax is a type of direct tax levied by Mississippi on individuals that meet the taxable criteria.
Taxable incomes
Mississippi taxes incomes from wages, dividends, interests and capital gains.
Tax brackets
Mississippi has 3 individual income tax brackets from 3% to 5%.
Deductions
Deduction is $2,300 for singles, $4,600 for joint filers and $3,400 for head of household for the year 2022.
Exemption
Exemption in Mississippi are $6,000 for singles, $12,000 for joint filers and $8,000 for Head of Households for the tax year 2022.
2022 tax rates
The following is the list of income tax rates for the tax year of 2022
| Mississippi taxable income | Tax rate |
|---|---|
| $0 - $4,000 | 0% |
| $4,000 - $5,000 | 3% |
| $5,000 - $10,000 | 4% |
| $10,000+ | 5% |
Individual income tax
The State of Mississippi requires you to pay taxes if you are a resident (regardless of the whether they were earned within the state or not) or a non-resident that earns income from Mississippi
Types of taxable incomes
The income types on which tax is levied are:
In Mississippi, all types of income are generally subject to personal income tax unless they are specifically exempt by state law. This includes, but is not limited to, wages and salary, dividends, capital gains, royalties, and other types of income.
File return
To file a tax return in Mississippi, taxpayers must complete and submit a tax return form. The tax return form requires taxpayers to report their taxable income and any credits or deductions they are eligible to claim. Taxpayers must also calculate their tax liability and pay any taxes owed by the due date.
You can file an extension by filing form 80-106 before the April 15 deadline and if taxes have already been paid.
File extension
Due
quarterly or annually
Pay taxes
Taxes in Mississippi are due by 18 April, 2023. Go to the official Mississippi Department of Revenue website.
You are required to pay estimated taxes in Mississippi if tax is not withheld or tax after withholding is more than $200.
Estimated taxes are to be made quarterly in instalments by the 15th of April, June, September, and January.
Type of tax
graduated tax
Due
quarterly or annually
Deductions
Tax deductions are a reduction in the amount of income that is subject to taxation. It allows taxpayers to lower the amount of taxable income they have, which in turn reduces the amount of tax they owe. Tax deductions are available for a wide range of expenses, such as charitable donations, mortgage interest, medical expenses, and business expenses.
Mississippi has deductions of $2,300 for singles, $4,600 for joint filers and $3,400 for head of household for the year 2022.
Credits
A tax credit allows taxpayers to reduce the amount of taxes they are required to pay. This is different from a tax deduction, which reduces the amount of income that is subject to taxation. Tax credits are applied directly to the tax liability, while deductions are applied to the taxable income.
Exclusions
Tax exclusions are an amount of money or income that is not subject to taxation. This means that taxpayers do not have to pay taxes on this income.
Residency
Residency in Mississippi refers to an individual's permanent home or place of residence in the state.
Mississippi resident
In Mississippi, an individual who resides in a home, apartment or other place of abode, or who meets the voter requirements or enjoys the benefits of homestead exemption is considered a legal resident of the state.
Even if you are temporarily absent, you are considered a resident until you relinquish your rights - change in driving license, voters registration etc.
Mississippi part-year resident
A Mississippi Part-Year Resident is someone who moved into or out of the state during the tax year.
Income earned while the individual was a resident of Mississippi is subject to state taxes.
Mississippi mandates part residents to file both as part residents and as non-residents based on their duration of their residential status.
Mississippi non-resident
A Mississippi Nonresident is someone who does not have a permanent residence in the state.
Nonresidents who receive income from Mississippi sources are required to pay Mississippi taxes.
Frequently asked questions
Business entities in Mississippi
There are several business entities in Mississippi
Mississippi LLC
Page sponsorWhy we like StartGlobal?
My genuine thoughts
Willy Justin
Founder, Statepedia
StartGlobal: Legal + Taxes + Bookkeeping for solopreneurs
Product
For small businesses, managing taxes, accounting and everything legal is just a pain. Nobody wants to do it, but they have to. Instead of working with CPAs, attorneys and others separately, Start brings all of them under a single subscription. It’s just smooth.
Team
I know the team behind StartGlobal very well. It’s a very hardworking group of individuals who are genuinely passionate about small businesses. They are backed by successful founders like Balaji Srinivasan, Biz Stone(Twitter) and others.
Price
Getting a CPA or attorney is a matter of thousands of dollars. It’s just unfair to pay so much when you’re a small business. Start has a single subscription that covers it all. It is a definite money saver.
$599 one-time