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Facts and figures about
taxes in Mississippi
5,814
CPAs across the state
2,961,279
Residents as of 2022
160,350
People claiming self- employment tax deductions
52,610
S-Corps statewide
81,670
People taking itemized deductions
130,520
People claiming the QBI deduction
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😓 19 million taxpayers filed late last year. Smart CPAs can help taxpayers be prepared.
😨 Smart CPAs can help the 30 million Americans who miss tax deductions each year.
😣 Smart CPAs can put an end to the overpaying on taxes that half of Americans do every year.
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How to set up an LLC in Mississippi
Mississippi State Income Tax Rates & Brackets for 2023
The following tables represents Mississippi's income tax rates and tax brackets:
SINGLE FILER
Brackets
Rates
$5,000 - $10,000
4.00%
$10,000+
5.00%
MARRIED FILING JOINTLY
Brackets
Rates
$5,000 - $10,000
4.00%
$10,000+
5.00%
Filing Status
Standard Deduction Amt.
Single
$2,300
Couple
$3,450
Mississippi State Sales Tax Rates for 2023
County
Tax Rate
Adams County
7%
Alcorn County
7%
Amite County
7%
Attala County
7%
Benton County
7%
Bolivar County
7%
Calhoun County
7%
Carroll County
7%
Chickasaw County
7%
Choctaw County
7%
Claiborne County
7%
Clarke County
7%
Clay County
7%
Coahoma County
7%
Copiah County
7%
Covington County
7%
Desoto County
7%
Forrest County
7%
Franklin County
7%
George County
7%
Greene County
7%
Grenada County
7%
Hancock County
7%
Harrison County
7%
Hinds County
8%
Holmes County
7%
Humphreys County
7%
Issaquena County
7%
Itawamba County
7%
Jackson County
7%
Jasper County
7%
Jefferson County
7%
Jefferson Davis County
7%
Jones County
7%
Kemper County
7%
Lafayette County
7%
Lamar County
7%
Lauderdale County
7%
Lawrence County
7%
Leake County
7%
Lee County
7.25%
Leflore County
7%
Lincoln County
7%
Lowndes County
7%
Madison County
8%
Marion County
7%
Marshall County
7%
Monroe County
7%
Montgomery County
7%
Neshoba County
7%
Newton County
7%
Noxubee County
7%
Oktibbeha County
7%
Panola County
7%
Pearl River County
7%
Perry County
7%
Pike County
7%
Pontotoc County
7%
Prentiss County
7%
Quitman County
7%
Rankin County
8%
Scott County
7%
Sharkey County
7%
Simpson County
7%
Smith County
7%
Stone County
7%
Sunflower County
7%
Tallahatchie County
7%
Tate County
7%
Tippah County
7%
Tishomingo County
7%
Tunica County
7%
Union County
7%
Walthall County
7%
Warren County
7%
Washington County
7%
Wayne County
7%
Webster County
7%
Wilkinson County
7%
Winston County
7%
Yalobusha County
7%
Yazoo County
7%
Mississippi State IRS Statistics of Income for 2020
Item
(All amounts are in 1000s of dollars)
Number of returns
Number of single returns
Number of joint returns
Number of head of household returns
Number of individuals
Adjusted gross income (AGI)
Total income: Number
Amount
Salaries and wages in AGI: Number
Amount
Business or profession net income (less loss): Number
Amount
Partnership/S-corp net income (less loss): Number
Amount
Self-employed health insurance deduction: Number
Amount
Student loan interest deduction: Number
Amount
Charitable contributions if took standard deduction: Number
Amount
Total itemized deductions: Number
Amount
State and local income taxes: Number
Amount
State and local general sales taxes: Number
Amount
Qualified business income deduction: Number
Amount
Child and dependent care credit: Number
Amount
Child and other dependent tax credit: Number
Amount
Self-employment tax: Number
Amount
Earned income credit: Number
Amount
Refundable education credit: Number
Amount
Recovery rebate credit: Number
Amount
Total tax liability: Number
Amount
Total additional Medicare tax: Number
Amount
Net investment income tax: Number
Amount
Tax due at time of filing: Number
Amount
Total overpayments: Number
Amount
All returns
1,328,290
620,160
395,490
283,060
2,516,670
67,733,850
1,284,940
68,562,805
1,057,500
47,805,933
241,460
1,711,123
52,610
3,544,602
24,750
183,130
56,580
42,663
328,900
90,225
81,670
2,842,643
58,190
507,459
18,050
42,333
130,520
866,706
49,970
29,262
363,870
639,029
160,350
435,017
353,980
949,022
69,870
62,872
269,780
397,734
846,790
7,108,940
14,590
23,733
17,980
69,193
216,240
1,019,391
1,071,810
3,668,262
Under $1
59,030
45,870
8,700
3,010
76,440
0
15,730
0
4,430
162,050
8,850
0
3,040
0
1,010
6,061
460
447
7,070
1,897
0
0
0
0
0
0
0
0
10
1
40
21
2,080
5,157
3,180
5,956
1,030
946
36,840
56,250
2,800
6,357
100
190
0
0
1,440
2,815
45,100
99,870
$1 under $10,000
180,950
142,930
14,080
21,110
209,020
906,439
180,900
935,450
126,930
696,695
31,270
65,474
1,770
0
1,440
5,353
1,300
1,075
20,690
5,204
1,130
22,142
320
852
520
476
380
127
0
0
200
85
23,560
16,699
68,480
98,836
8,260
7,231
57,440
90,533
28,970
18,310
0
0
0
0
11,390
5,536
150,730
261,193
$10,000 under $25,000
328,190
183,340
33,360
105,830
569,560
5,715,339
328,190
5,805,706
264,920
4,193,165
68,880
324,684
3,090
0
2,570
10,474
5,250
4,310
51,320
13,735
3,760
79,747
1,340
2,066
1,820
2,261
18,900
12,181
4,000
1,301
54,030
19,485
49,820
78,259
160,110
555,117
21,820
20,054
73,240
113,334
169,100
151,151
30
36
0
0
22,910
21,776
298,520
1,051,264
$25,000 under $50,000
343,950
153,610
68,360
111,460
661,840
12,253,162
343,950
12,378,882
304,120
10,025,783
51,150
134,774
5,380
20,014
3,660
18,654
16,450
12,224
82,930
22,643
12,520
295,030
7,230
12,835
4,130
7,950
28,920
43,201
17,040
10,704
138,850
166,603
27,930
63,010
119,090
287,363
18,670
17,139
47,010
64,929
245,340
519,377
50
94
0
0
47,240
62,241
295,250
972,651
$50,000 under $75,000
159,500
57,500
69,020
27,630
332,840
9,778,432
159,500
9,873,600
136,060
7,452,070
25,850
155,734
5,730
42,753
3,010
18,094
12,040
9,145
54,150
14,975
13,800
359,388
8,950
23,679
3,820
8,896
19,680
48,079
8,510
4,877
60,670
138,179
16,090
45,605
3,120
1,750
7,230
6,499
20,680
26,548
146,490
661,376
40
53
0
0
38,440
78,746
120,770
349,870
$75,000 under $100,000
94,830
19,700
64,790
8,400
229,680
8,209,714
94,830
8,286,085
80,910
6,029,628
17,690
159,381
5,500
60,725
2,460
16,251
8,510
5,917
39,470
11,074
10,670
305,398
7,330
27,409
2,590
6,182
15,890
49,189
6,920
4,149
39,330
109,664
11,930
39,061
0
0
4,800
4,069
13,570
15,691
92,780
666,066
60
32
0
0
27,210
75,557
67,470
227,470
$100,000 under $200,000
127,900
14,280
107,140
4,990
342,420
17,091,133
127,900
17,264,620
110,950
12,288,393
27,180
407,685
14,330
379,081
5,300
43,577
12,570
9,545
60,970
17,216
23,470
776,984
18,390
110,904
3,820
11,201
29,890
163,379
11,300
6,921
58,550
169,168
19,080
87,299
0
0
8,060
6,934
20,720
30,319
127,420
1,890,918
890
303
360
121
49,540
224,695
78,190
342,302
$200,000 under $500,000
28,200
2,410
25,010
520
78,680
7,916,325
28,200
8,056,169
24,350
4,784,016
8,420
408,709
9,610
891,932
3,690
41,716
0
0
10,970
3,104
12,360
534,507
10,970
143,685
1,100
4,498
13,160
208,360
1,950
1,164
12,150
35,754
7,470
65,842
0
0
0
0
280
130
28,160
1,342,939
9,850
7,531
12,640
13,312
15,040
217,851
13,090
148,402
$500,000 under $1,000,000
4,080
350
3,600
70
11,750
2,729,806
4,080
2,783,345
3,450
1,275,040
1,520
152,612
2,760
711,620
1,080
15,346
0
0
1,050
300
2,660
196,911
2,460
72,475
180
646
2,460
80,872
180
112
50
70
1,640
20,176
0
0
0
0
0
0
4,080
643,086
2,580
7,796
3,500
14,902
2,210
117,533
1,860
67,046
$1,000,000 or more
1,660
170
1,440
30
4,440
4,533,377
1,660
4,560,550
1,370
899,093
660
100,584
1,390
1,805,013
550
7,604
0
0
270
77
1,290
272,536
1,210
113,554
80
223
1,260
261,318
50
33
0
0
730
13,909
0
0
0
0
0
0
1,660
1,209,360
990
7,698
1,490
40,858
810
212,641
840
148,194
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