Mississippi Tax Guide 2026

Mississippi Income Tax Overview

Mississippi has a Flat 4.7% rate (reducing toward 0%). When combined with federal income tax and FICA taxes, Mississippi residents in the median income range of $49,111 typically face a combined effective tax rate of approximately 30% on their gross income. The state income tax is calculated on taxable income after the federal standard deduction of $16,100 (single) or $32,200 (married filing jointly) for 2026.

Mississippi Sales Tax Rate 2026

Mississippi's combined sales tax rate is 7.07%, which includes a state rate plus an average local rate. On a $100 purchase, you pay $7.07 in sales tax — and $35.35 on a $500 purchase. Rates can vary within the state based on county and city jurisdiction.

Property Taxes in Mississippi

Mississippi homeowners pay an effective property tax rate of 0.63% annually. On the Mississippi median home price of $180,000, that means approximately $1,134 per year — or $95 added to your monthly mortgage payment. Mississippi's property tax rate is near the national average of 1.07%.

Total Tax Burden for Mississippi Residents

When calculating the total tax burden for a Mississippi household earning $49,111 annually, you must add: federal income tax (approximately $5,893), FICA taxes (7.65% = $3,757), Mississippi state income tax (approximately $1,616), and property taxes if you own a home. Use the specific calculators above to get your exact personalized numbers based on your income, filing status, and situation.

Tax Tips for Mississippi Residents in 2026

• Maximize your 401(k) to $24,500 — reduces both federal AND Mississippi state income tax
• HSA contributions are deductible from both federal and state income tax in Mississippi
• Check if Mississippi has its own standard deduction (some states have lower amounts than federal)
• The 2026 OBBBA tip and overtime deductions apply at federal level — check Mississippi conformity