Mississippi State Taxes: A Simple Guide

🎺Mississippi state income tax

Mississippi taxes personal income using its own brackets and rules, separate from federal law. In general:

• •Residents above certain income thresholds must file a Mississippi income tax return.
• •Nonresidents may need to file if they earn Mississippi-source income.
• •The state's rules for taxable income, deductions, and credits differ from federal rules.

A typical resident files a federal Form 1040 and a Mississippi state return in the same year if they meet filing requirements.

🛒Sales and use tax

Mississippi has a state sales tax, and certain local jurisdictions may impose additional local sales taxes on top of the state rate, especially on specific types of transactions.

• •Many retail sales of goods are taxable.
• •Some items (like certain groceries or medicines) may have special treatment or exemptions.
• •Purchases made out of state or online without tax may create use tax obligations to Mississippi.

Businesses selling taxable goods or services generally must collect and remit sales and use taxes to the state, and where applicable, to local jurisdictions.

🏡Property taxes

Property taxes in Mississippi are administered primarily by counties and local authorities, based on assessed property values (such as homes and land).

• •Homeowners receive annual property tax bills from their county tax collector.
• •Property taxes help fund schools, roads, and other local services.
• •Certain exemptions or special rules may apply to homesteads or qualifying taxpayers.

🔗Putting Mississippi taxes together

A typical Mississippi resident may deal with several types of tax:

• •Federal income tax (Form 1040)
• •Mississippi state income tax
• •State (and some local) sales and use taxes
• •County property taxes if they own a home

Once you understand how filing works, adding Mississippi's rules becomes much easier.