Mississippi State Income Tax Overview
Mississippi (MS) state income tax rate: 5.0% (graduated rate system)
Mississippi Income Tax Brackets (2026)
0% on first $10,000; 5.0% on income above $10,000 (2024; reducing toward flat 4.0% by 2026)
Mississippi eliminated its 4% bracket in 2024, moving to a two-tier system: 0% on the first $10,000 and 5% above that. The top rate will reduce to 4.7% in 2024, 4.4% in 2025, and 4.0% in 2026 under current law.
Median Household Income in Mississippi
The median household income in Mississippi is $45,792. Mississippi has the lowest median household income of all 50 states. The ongoing income tax rate reductions are part of efforts to improve economic growth. Mississippi's exemption of retirement income makes it a target retirement destination despite low incomes.
How to Use This Calculator for Mississippi
- Enter your gross income and filing status
- The calculator applies Mississippi's graduated income tax rate of up to 5.0%
- Subtract your standard deduction and any applicable credits
- Review your estimated state and federal tax liability
Frequently Asked Questions
What is the Mississippi state income tax rate?
Mississippi has a graduated income tax with a top rate of 5.0%. 0% on first $10,000; 5.0% on income above $10,000 (2024; reducing toward flat 4.0% by 2026).
How does Mississippi's income tax compare to the national average?
Mississippi's top income tax rate of 5.0% applies to a graduated rate system. Mississippi eliminated its 4% bracket in 2024, moving to a two-tier system: 0% on the first $10,000 and 5% above that. The top rate will reduce to 4.7% in 2024, 4.4% in 2025, and 4.0% in 2026 under current law.
What is the median household income in Mississippi?
The median household income in Mississippi is $45,792. Mississippi has the lowest median household income of all 50 states. The ongoing income tax rate reductions are part of efforts to improve economic growth. Mississippi's exemption of retirement income makes it a target retirement destination despite low incomes.
Is this state income tax calculator free to use for Mississippi?
Yes, this state income tax calculator is 100% free with no signup required. It includes Mississippi-specific tax rates and calculates your estimated state and federal tax liability instantly.