Mississippi Paycheck Calculator

The Mississippi Paycheck Calculator estimates your take-home pay after federal income taxes, Mississippi state income tax, and FICA contributions. Mississippi recently simplified its income tax structure for 2024, exempting the first $10,000 of taxable income entirely and applying a flat 4.7% rate on taxable income above that threshold. This replaces the previous graduated system that had rates of 0%, 3%, 4%, and 5%. The simplification makes Mississippi one of the more straightforward states for paycheck calculation. Mississippi provides a standard deduction of $2,300 for single filers and $4,600 for married filing jointly. Personal exemptions of $6,000 for single filers and $12,000 for married filing jointly further reduce taxable income significantly. Combined with the $10,000 exemption on the first portion of taxable income, Mississippi effectively shields a substantial amount of income from state tax, particularly benefiting lower and middle-income earners. Mississippi does not impose any local or city income taxes. The state also has no additional payroll taxes beyond the standard federal FICA contributions. Mississippi is one of the lowest-cost-of-living states in the nation, and the moderate income tax structure further enhances purchasing power for workers. The state does not tax Social Security benefits or qualified retirement income up to certain limits. This calculator serves employees across Mississippi's economy including manufacturing (automotive plants for Toyota, Nissan), military (Keesler Air Force Base, Camp Shelby, Naval Construction Battalion Center), healthcare, agriculture, gaming (Gulf Coast casinos), shipbuilding (Ingalls Shipbuilding in Pascagoula), and education. The combination of no local taxes, generous exemptions, and a simplified rate structure makes Mississippi one of the more tax-friendly states for workers.

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1. 1Enter your gross pay and pay frequency. Mississippi's economy includes automotive manufacturing (Toyota in Blue Springs, Nissan in Canton), military installations (Keesler AFB in Biloxi, Camp Shelby, Stennis Space Center), shipbuilding (Ingalls Shipbuilding in Pascagoula), gaming and tourism (Gulf Coast), agriculture, and healthcare. The state has the lowest cost of living in the nation, making take-home pay stretch further.
2. 2Federal income tax is calculated based on W-4 elections using 2024 federal brackets from 10% to 37%. Pre-tax deductions such as 401(k) contributions and health insurance premiums reduce federal taxable income.
3. 3Mississippi state income tax is calculated by first applying the standard deduction ($2,300 single) and personal exemption ($6,000 single), then exempting the first $10,000 of remaining taxable income. The 4.7% rate applies only to taxable income above $10,000. For a single filer earning $50,000, Mississippi taxable income after deductions and exemptions is approximately $41,700, of which the first $10,000 is exempt, leaving $31,700 taxed at 4.7% for approximately $1,490.
4. 4FICA taxes are calculated at standard federal rates: 6.2% for Social Security on wages up to $168,600 and 1.45% for Medicare on all wages, plus 0.9% additional Medicare on wages over $200,000.
5. 5The calculator totals all deductions. Mississippi does not impose any local income taxes, city taxes, or additional state payroll taxes. The state tax plus FICA are the only paycheck deductions beyond federal tax.
6. 6Review results noting Mississippi's effective low tax burden. The combination of the $10,000 exemption, generous personal exemptions ($6,000 single), and the 4.7% rate means that the effective Mississippi tax rate for most workers is well below 4.7%. A single filer earning $60,000 pays approximately $1,961 in state tax, an effective rate of about 3.3%.
7. 7Verify withholding using Mississippi Form 89-350. Mississippi updates its withholding tables to reflect the simplified rate structure. Workers should ensure their withholding form accurately reflects their filing status and exemptions.

• !Using the Old Graduated Rate Structure: Mississippi simplified its tax structure for 2024, moving from graduated rates (0%, 3%, 4%, 5%) to the current system with a $10,000 exemption and flat 4.7% rate above that. Workers using outdated tax tables or calculators that reference the old bracket system will get inaccurate results. Always verify the calculator reflects the current simplified structure.
• !Forgetting the $10,000 Exemption: The first $10,000 of Mississippi taxable income (after deductions and exemptions) is entirely exempt from state tax. This exemption is in addition to the standard deduction and personal exemptions. Ignoring this exemption overstates the Mississippi tax liability by up to $470 (4.7% of $10,000).
• !Overlooking the Generous Personal Exemption: Mississippi's $6,000 personal exemption for single filers ($12,000 for MFJ) is far more generous than most states. Combined with the $2,300 standard deduction and the $10,000 income exemption, a single filer shields $18,300 of income from Mississippi tax. Using only the standard deduction without the personal exemption significantly overstates taxable income.