Mississippi Income Tax Rate 2024. If you make $70,000 a year living in mississippi you will be taxed $10,445. 2) 4.7 percent on all taxable income over.
2) 4.7 percent on all taxable income over. Estimate your tax liability based on your income, location and other conditions.
Max Rate Of 5% (On Taxable Income Over $10,000).
There is no tax schedule for mississippi income taxes.
Estimate Your Tax Liability Based On Your Income, Location And Other Conditions.
That rate will gradually lower, due to legislation, in subsequent years.
On April 5, 2022, Governor Tate Reeves Signed Into Law House Bill 531, Which Provides The Largest Individual Income Tax Cut In The State's History By Eliminating The Current 4% Tax.
Images References :
Mississippi State Personal Income Tax Rates And Thresholds In 2024;
531, enacted in april 2022, mississippi will continue reducing its flat individual income tax rate from 2024 to 2026.
The Salary Tax Calculator For Mississippi Income Tax Calculations.
Estimate your tax liability based on your income, location and other conditions.