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Step 1/3

What do you sell?

Estimated Sales Tax Breakup

For Total Sales of $187,000

Monthly

Annual

Brackets

Rates

Income

$187,000

Sales Tax Rate

Infinity% - -Infinity%

Total Sales Tax

$Infinity.undefined - $-Infinity.undefined

In Mississippi, the total sales tax rate stands at Infinity% - -Infinity%, incorporating both city and county taxes. The current sales tax for the state of Mississippi is NaN%, along with a county tax of Infinity% - -Infinity%. Additionally, City applies a sales tax of Infinity% - -Infinity%.

Sales Tax in Mississippi

Navigating the world of sales tax can be daunting, especially when dealing with the specific regulations that vary from state to state. Mississippi is no exception, with its own set of rules and requirements that businesses and consumers need to understand. Whether you're a business owner trying to comply with state regulations or a consumer curious about how sales tax affects your purchases, understanding the intricacies of Mississippi's sales tax is crucial.

Breakdown of Sales Tax Rates in Mississippi

State Tax Rates

NaN%

County Tax Rates

Infinity% - -Infinity%

City Tax Rates

Infinity% - -Infinity%

Total Tax Rate

Infinity% - -Infinity%

Understanding Sales Tax in Mississippi

Sales tax in Mississippi is a consumption tax imposed on the sale of goods and services. It is collected by the seller from the consumer at the point of sale and then remitted to the state. The tax applies to most retail sales, leases, and rentals of goods, as well as some services. Businesses operating in Mississippi need to be aware of their obligations regarding sales tax collection and remittance to ensure compliance with state laws.

Sales Taxable and Exempt Items in Mississippi

In Mississippi, not all items are subject to sales tax. Here are some examples:

  • Sales Taxable Items:Clothing, electronics, furniture, and restaurant meals.
  • Sales Exempt Items:Prescription medications, most groceries, and certain agricultural products.

How Sales Tax is Calculated in Mississippi

Calculating sales tax in Mississippi involves applying the state sales tax rate to the total sales price of taxable items. Businesses can use tools like the Mississippi sales tax calculator or MS sales tax calculator to ensure accurate calculations. It's important for businesses to stay updated on any changes to the Mississippi sales tax rate to maintain compliance.

How to Make Sales Tax Compliance Easier and More Efficient

As sales tax rules continue to change, FlyFin helps simplify the process. By combining AI with the skills of expert CPAs, FlyFin is transforming the tax industry. It manages everything from simple to complex filings, delivering highly accurate results 20 times faster and at a cost that's 5 times lower. And here’s the best part: FlyFin offers your first sales tax filing for free, so you can focus on your business while their CPAs deal with the tax complexities.

Who is Required to Pay Sales Tax in Mississippi?

In Mississippi, any business that sells tangible personal property or taxable services is required to collect and remit sales tax. This includes both in-state and certain out-of-state sellers who have established a nexus in the state. A nexus is typically established when a business has a physical presence or significant economic activity in Mississippi.

Do Out-of-State Sellers Have Nexus in Mississippi?

Out-of-state sellers may have a nexus in Mississippi if they meet specific criteria, such as reaching a certain threshold of sales or transactions in the state. This means they are required to collect and remit Mississippi sales tax on sales made to customers in the state.

What Forms Are Needed for Sales Tax Filing in Mississippi?

Businesses must file the appropriate sales tax returns with the Mississippi Department of Revenue. This typically involves completing forms such as the Sales and Use Tax Return. Accurate and timely filing is essential to avoid penalties and interest.

Annual vs. Quarterly Filing Deadlines in Mississippi

The frequency of sales tax filing in Mississippi depends on the volume of sales. Businesses with higher sales volumes may be required to file quarterly, while those with lower volumes might file annually. It's important for businesses to know their filing frequency to ensure compliance with Mississippi sales tax regulations.

Historical Context of Sales Tax in Mississippi

Mississippi's sales tax has evolved since its inception, reflecting changes in the economy and state policy. Initially introduced to generate revenue for state projects, the tax has become a significant source of funding for public services. Over the years, adjustments to the Mississippi sales tax rate have been made to balance economic growth with fiscal needs.

Comparison to State Tax and Local Policy Impacts

While Mississippi sales tax is a significant revenue stream, it's important to consider how it interacts with other state taxes, such as income and property taxes. Local policies can also impact the sales tax landscape, with municipalities having the option to impose additional local sales taxes. Understanding these dynamics is crucial for businesses operating in multiple jurisdictions.

Unique Administrative Processes in Mississippi's Sales Tax Collection

One unique aspect of Mississippi's sales tax collection is the state's emphasis on electronic filing and payment. The Mississippi Department of Revenue encourages businesses to use online platforms for filing returns and remitting taxes, streamlining the process and reducing administrative burdens. This approach not only enhances efficiency but also helps businesses stay compliant with the state's sales tax regulations.

Sales Tax Rate in Major Counties of Mississippi

County

Total Sales Tax Rate

Facts and figures about
County, Mississippi

5,814

CPAs across the state

mississippi
population

2,961,279

Residents as of 2022

population

160,350

People claiming self- employment tax deductions

population

52,610

S-Corps statewide

population

81,670

People taking itemized deductions

population

130,520

People claiming the QBI deduction

😵‍💫 Smart CPAs are accessible and affordable, but there's only 1 Mississippi CPA for every 300 residents.

😓 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.

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 IRS Statistics of Income for 2020

Size of adjusted gross income

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

Frequently Asked Questions

How does sales tax filing in Mississippi work?

Who is required to file sales tax returns?

Do I need to charge sales tax for online sales in Mississippi?

How often do I need to file sales tax returns in Mississippi?

What happens if I miss a sales tax filing deadline in Mississippi?

How can FlyFin CPAs help with sales tax in Mississippi?

Sales Tax in other Counties of Mississippi

Sales tax in AdamsSales tax in AlcornSales tax in AmiteSales tax in AttalaSales tax in BentonSales tax in BolivarSales tax in CalhounSales tax in CarrollSales tax in ChickasawSales tax in ChoctawSales tax in ClaiborneSales tax in ClarkeSales tax in ClaySales tax in CoahomaSales tax in CopiahSales tax in CovingtonSales tax in DeSotoSales tax in ForrestSales tax in FranklinSales tax in GeorgeSales tax in GreeneSales tax in GrenadaSales tax in HancockSales tax in HarrisonSales tax in HindsSales tax in HolmesSales tax in HumphreysSales tax in IssaquenaSales tax in ItawambaSales tax in JacksonSales tax in JasperSales tax in JeffersonSales tax in Jefferson DavisSales tax in JonesSales tax in KemperSales tax in LafayetteSales tax in LamarSales tax in LauderdaleSales tax in LawrenceSales tax in LeakeSales tax in LeeSales tax in LefloreSales tax in LincolnSales tax in LowndesSales tax in MadisonSales tax in MarionSales tax in MarshallSales tax in MonroeSales tax in MontgomerySales tax in NeshobaSales tax in NewtonSales tax in NoxubeeSales tax in OktibbehaSales tax in PanolaSales tax in Pearl RiverSales tax in PerrySales tax in PikeSales tax in PontotocSales tax in PrentissSales tax in QuitmanSales tax in RankinSales tax in ScottSales tax in SharkeySales tax in SimpsonSales tax in SmithSales tax in StoneSales tax in SunflowerSales tax in TallahatchieSales tax in TateSales tax in TippahSales tax in TishomingoSales tax in TunicaSales tax in UnionSales tax in WalthallSales tax in WarrenSales tax in WashingtonSales tax in WayneSales tax in WebsterSales tax in WilkinsonSales tax in WinstonSales tax in YalobushaSales tax in Yazoo

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