File Your Sales Tax
with FlyFin
CPAs + AI makes it 20x faster and 5x cheaper
Get Your First Sales Tax Filing Free!
Sales Tax Calculator
For Total Sales of $328,000
Monthly
Annual
Brackets
Rates
Income
$328,000
Sales Tax Rate
Infinity% - -Infinity%
Total Sales Tax
$Infinity.undefined - $-Infinity.undefined
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.
State Tax Rates
NaN%
County Tax Rates
Infinity% - -Infinity%
City Tax Rates
Infinity% - -Infinity%
Total Tax Rate
Infinity% - -Infinity%
Table of contents
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.
In Mississippi, not all items are subject to sales tax. Here are some examples:
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.
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.
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.
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.
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.
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.
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.
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.
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.
County
Total Sales Tax Rate
Facts and figures about
County, 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
😵💫 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
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
Sales Tax in other states
Sales Tax in other Counties of Mississippi
Expert tax CPAs ensure 100%-accurate tax filing
A.I. finds every tax deduction, eliminating 95% of your work
On average users save $3,700