Mississippi Tax Calculator 2025
Calculate your Mississippi state income tax with our comprehensive 2025 calculator featuring the Magnolia State's low progressive tax rates from 0% to 5%, Southern agricultural advantages, and advanced tax planning tools for Mississippi's agricultural and manufacturing economy.
Calculate Your Mississippi Tax
Enter your income information to calculate Mississippi's low progressive state income tax with rates ranging from 0% to 5% plus applicable deductions and Magnolia State considerations.
Mississippi Tax Structure 2025
Mississippi operates a progressive income tax system with very low rates ranging from 0% to 5%, making it one of the most tax-friendly Southern states. The Magnolia State provides excellent benefits for retirees and agricultural businesses.
MS Progressive Tax Brackets (2025)
- 0% on income up to $5,000
- 3% on income $5,001-$10,000
- 5% on income over $10,000
Standard Deductions (2025)
- Single: $2,300
- Married Filing Jointly: $4,600
- Married Filing Separately: $2,300
- Head of Household: $3,400
Mississippi Tax Benefits and Magnolia State Advantages
Mississippi provides exceptional tax benefits, particularly for retirees, military veterans, and agricultural businesses. The state's low tax rates and generous exemptions make it very attractive for many taxpayers.
- Personal Exemption: $6,000 per taxpayer and qualifying dependent
- Military Retirement Exemption: Full exemption for military retirement pay
- Retirement Income Exemption: Most retirement income is exempt from tax
- Social Security Exempt: Social Security benefits are not subject to Mississippi tax
- Homestead Exemption: Property tax exemption for primary residence
- Agricultural Land: Special use valuation for agricultural land
- Low Tax Rates: Maximum 5% rate on income over $10,000
Mississippi Residency and Southern Tax Planning
Understanding Mississippi residency requirements and Southern tax planning strategies is important given the state's very favorable tax environment and agricultural economy.
Establishing MS Residency
Mississippi considers you a resident if you are domiciled in Mississippi or you maintain a permanent place of abode in Mississippi and spend more than 183 days in the state during the tax year.
Agricultural Tax Benefits
Mississippi's agricultural economy benefits from special property tax treatment for agricultural land, sales tax exemptions for farm equipment, and various agricultural deductions that help farming operations.
Retirement Tax Planning
Mississippi is extremely retirement-friendly with exemptions for most retirement income, no tax on Social Security, and no tax on military retirement pay. This makes it ideal for retirement planning.
Property Tax Considerations
Mississippi offers homestead exemptions for primary residences and special use valuation for agricultural land, helping to keep property taxes low for residents.
Frequently Asked Questions
What are Mississippi's income tax rates for 2025?
Mississippi has progressive income tax rates ranging from 0% to 5% for 2025. The rates increase across three brackets, with the top rate of 5% applying to income over $10,000 for all filing statuses.
Is Mississippi tax-friendly for retirees?
Yes, Mississippi is very retirement-friendly with no tax on Social Security benefits, no tax on military retirement pay, and no tax on most retirement income from qualified plans.
What is Mississippi's sales tax rate?
Mississippi has a state sales tax rate of 7%, with local jurisdictions able to add additional sales tax, resulting in combined rates typically ranging from 7% to 8% depending on location.
How does Mississippi tax agricultural income?
Mississippi provides favorable treatment for agricultural income including special use agricultural land assessments, sales tax exemptions for farm equipment, and various agricultural deductions and credits.
What deductions are available for Mississippi taxpayers?
Mississippi offers standard deductions, personal exemptions, retirement income exemptions, homestead exemptions, and various agricultural and business deductions for qualifying activities.
How does Mississippi compare to neighboring states for taxes?
Mississippi has very low tax rates compared to neighboring states. It's lower than Louisiana and Arkansas, and competitive with Alabama and Tennessee when considering overall tax burden and Southern economic factors.