Easily estimate take home pay after income tax so you can have an idea of what to possibly expect when planning your budget
Income Before Tax
Take Home Pay
Average Tax Rate
$ = US Dollar
Income Before Tax
Federal Income Tax
State Income Tax
State Tax Credits
State Disability Insurance
State Paid Family and Medical Leave (PFML)
State Unemployment Insurance
State Worker Comp
State Transit Tax
Mental Health Services Tax
Local Income Tax
Take Home Pay
Average Tax Rate
Table of Contents
Enter your employment income into the paycheck calculator above to estimate how taxes in Mississippi, USA may affect your finances. You'll then get your estimated take home pay, an estimated breakdown of your potential tax liability, and a quick summary down here so you can have a better idea of what to possibly expect when planning your budget.
This paycheck calculator also works as an income tax calculator for Mississippi, as it shows you how much income tax you have to pay based on your salary and personal details.
To learn more about Mississippi, its income tax, and tax brackets, so that you can get a deeper understanding of how your budget and finances may be affected, scroll down to the detail section below!
Frequently Asked Questions
What is the income tax rate in Mississippi?
The state income tax rate in Mississippi is progressive and ranges from 0% to 5% while federal income tax rates range from 10% to 37% depending on your income. This paycheck calculator can help estimate your take home pay and your average income tax rate.
How many income tax brackets are there in Mississippi?
The state income tax system in Mississippi has two different tax brackets. For more details, check out our detail section.
How Your Mississippi Paycheck Works
The Magnolia State, which Mississippi is also known as, has a rich history and culture that spans from its Native American roots to its literary and artistic achievements. It is known for its diverse natural beauty, from the Mississippi River to the Gulf Coast, and its musical heritage, from the blues to country. The relaxed and friendly lifestyle of Mississippi is appreciated by natives and newcomers alike. If you work here, understanding how your paycheck functions can help you to better enjoy all that Mississippi has to offer.
No matter where you work in the US, you need to pay federal income taxes on your income. The amount of federal income tax withheld from your paycheck depends on factors such as your income level, filing status, and others. You will need to fill out Form W-4 when you start a job so that your employer can figure out how much federal income tax to withhold from your paycheck.
Another tax that applies to almost all workers in the US is the FICA tax, which stands for Federal Insurance Contributions Act. The FICA tax consists of two parts: Social Security and Medicare. Social Security tax funds retirement benefits, disability benefits, and survivor benefits for eligible workers and their families. Medicare tax funds health insurance for seniors and people with certain disabilities.
Your employer withholds 6.2% of your wages for Social Security and 1.45% for Medicare from your paycheck. At the same time, your employer also pays an equal amount of FICA tax on your behalf. While Medicare applies to all wages, Social Security only applies to a maximum of $147,000 of wages in 2022. Those earning incomes above a certain limit will also see a 0.9% Medicare surtax.
Mississippi is one of the states in the Union that levies a state income tax on its residents. There are two different tax brackets that range from 0% to 5%, depending on your taxable income. These do not vary with filing status and the highest rate only applies to income over $10,000. Along with the W-4 form as mentioned above, your employer will also have you fill out Form 89-350, which is the state equivalent.
Like most other states, Mississippi does not have any local income taxes that apply to workers in the state.
One interesting aspect worth mentioning about the income tax situation in Mississippi is that state lawmakers have been considering getting rid of the state income tax in the future. Nothing is final nor guaranteed, but this could make Mississippi more attractive for both workers and businesses who want to keep more of their earnings. That said, there has already been some progress in the form of a bill that eliminated one of the tax brackets and is slowly lowering the tax rate over the course of several years.
Depending on your employer and your benefits package, you might also have other items withheld from your paycheck. Common ones include health insurance premiums, retirement contributions, or charitable donations. With these, you can enjoy the benefits of having health insurance, retirement savings, or supporting a good cause, for example.
These amounts can be either pre-tax or post-tax.
Pre-tax amounts, as their name suggests, are taken out of your income before taxes are calculated. These reduce the amount of income that is subject to tax. In other words, these lower your taxable income.
Post-tax amounts, on the other hand, are taken out of your net pay after taxes are calculated. So these generally won't change your taxes. However, some post-tax amounts, such as donations to qualified charities, may help you lower your tax liability by allowing you to claim a tax deduction for them.
State Income Tax Brackets
For 2022 tax year
|Taxable Income (USD)||Tax Rate|
|From 10,000 onwards||5%|
Both a state standard deduction and a personal exemption exist and vary depending on your filing status.
More From Investomatica:
For sales tax, please visit our Mississippi Sales Tax Rates and Calculator page.
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- The content shown on this page is strictly for educational purposes only. It does not represent advice nor is it a substitute for a professional advisor.
- Estimated results are just estimates. They are not a guarantee of future results.
- Tax situations vary widely and calculations can get very complex. This paycheck calculator only provides a rough estimate according to the most common scenarios for standard employment income that comes from an employer. If you are self-employed, your taxes might differ.
- There may be additional deductions, credits, exemptions, allowances, reliefs, etc depending on many factors. Some factors are about your family such as the number of dependents, children, relatives, parents, etc. Other factors may include mortgage payments, property depreciation, charitible donations, additional voluntary retirement contributions, etc. Whether or not you are handicapped and/or disabled may also sometimes be an additional factor.
- Depending on region and jurisdiction, salary bonuses may be treated and taxed differently from standard salary.
- Calculators from other sites may show slightly different numbers due to different deductions/credits being included or they are based on data from a different year.
- Generally, we review changes once a year since tax codes usually change once a year. If you notice a major miscalculation or error with our paycheck calculator (most likely caused by a typo somewhere), feel free to direct message us on twitter and let us know. However, if you have specific questions about your own personal situation, please consult a licensed tax professional.
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