Mississippi Salary & Tax Calculator
Mississippi's top marginal state income tax rate is pre-filled below (4.7%). Adjust it if you want to blend in federal withholding for a fully combined effective rate.
*Estimates only, illustrative and not tax or financial advice. Actual Mississippi and federal taxes may vary — consult a tax professional for precise figures.
Wondering how much house you can afford with your net pay?
Mortgage Loan CalculatorMississippi is in the middle of a multi-year transition to a flat income tax, and as of the 2024 tax year the rate sits at 4.7% on taxable income above a small exempted threshold, down from 5% the year before, with further scheduled reductions on the horizon. We've pre-filled 4.7% so your estimate matches the current statutory rate; because Mississippi's first roughly $10,000 of income is untaxed for most filers, your actual effective rate will likely be a bit lower than the marginal 4.7% figure, especially at modest income levels. Mississippi's rate is now noticeably below several of its neighbors: Alabama taxes up to 5%, Louisiana runs a flat 4.25% after its own 2024 reform, while Tennessee has no income tax at all, drawing comparisons for workers weighing cross-border moves in the Memphis or Gulf Coast metro areas. Arkansas, just across the Mississippi River, sits close by at 4.4%. There is no local or city income tax layered on top of the state rate in Mississippi, so your state withholding line is the complete picture beyond federal tax and FICA.
🏆 Decoding Your Mississippi Paycheck
Everything you need to know about using this calculator and the math behind it.
How it Works
Strips away estimated federal and Mississippi state taxes plus common deductions from your gross salary to reveal your actual take-home (net) pay.
The Formula
Net Pay = Gross Pay − (Federal Tax + Mississippi State Tax (4.7%) + FICA + Pre-tax Deductions).
Pro Tip
Alabama's top rate is 5%, Louisiana is now a flat 4.25%, Arkansas sits at 4.4%, and Tennessee has no income tax at all, giving Mississippi workers a range of nearby comparisons. Compare offers across state lines carefully — a higher salary in a high-tax state doesn't always beat a lower salary in a low-tax one.
Frequently Asked Questions
What is Mississippi's state income tax rate? +
Mississippi's flat state income tax rate is 4.7% for the 2024 tax year, applied to taxable income above a small exempted threshold (roughly the first $10,000 for most filers is untaxed). This is down from 5% the prior year as part of an ongoing multi-year rate reduction.
Is Mississippi actually lowering its income tax rate over time? +
Yes. Mississippi has been phasing down its income tax under a law that eliminated the lowest bracket entirely and is stepping the remaining flat rate down gradually, from 5% to 4.7% for 2024, with additional reductions planned in future years contingent on state revenue triggers. Some legislative proposals have even floated eliminating the income tax entirely long-term.
What is the difference between gross pay and net pay? +
Gross pay is your total salary before any deductions. Net take-home pay is what you actually receive after federal and state income taxes, Social Security (6.2%), Medicare (1.45%), health insurance premiums, 401k contributions, and other deductions. For most US workers, net pay is roughly 70-80% of gross pay.
How does the US progressive federal tax system interact with Mississippi's state tax? +
Federal tax uses seven brackets (10% to 37%) applied progressively regardless of which state you live in. Mississippi's flat 4.7% state tax is calculated separately and added on top of your federal liability. This calculator lets you enter a single combined effective rate so you can see both layers at once.
How can I reduce my taxable income in Mississippi? +
Pre-tax contributions to a 401k or traditional IRA reduce taxable income at both the federal and Mississippi state level. Health Savings Accounts and FSAs offer similar pre-tax treatment for medical and dependent care costs. Since Mississippi uses a flat rate, every dollar of deduction saves exactly 4.7% in state tax on top of federal savings.