Mississippi Income Tax Guide for 2026
Overview
Mississippi uses a progressive income tax system with rates ranging from 0% to 4%. Capital gains are taxed as ordinary income. The state offers a standard deduction of $2,300 for single filers, personal exemptions of $6,000, and dependent exemptions of $1,500.
Income Tax Rates
Single Filers
| Income Range | Tax Rate |
|---|---|
| Up to $9,999 | 0% |
| $10,000+ | 4% |
Married Filing Jointly
| Income Range | Tax Rate |
|---|---|
| Up to $9,999 | 0% |
| $10,000+ | 4% |
Capital Gains Tax
Capital gains are taxed at the same rates as ordinary income.
Deductions & Exemptions
| Type | Amount |
|---|---|
| Standard Deduction (Single) | $2,300 |
| Standard Deduction (Married Filing Jointly) | $4,600 |
| Personal Exemption (Single) | $6,000 |
| Personal Exemption (Married) | $12,000 |
| Dependent Exemption | $1,500 |
Additional Information
- Retirement benefits tax-free if requirements met
- Rate on taxable income over $10,000 falls from 4.4% (2025) to 4.0% for 2026 under HB 1 (2025), with further cuts scheduled from 2027 (3.75%) toward 3.0% in 2030
Charts
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Sources
The 2026 figures for Mississippi on this page were compiled from the following official government publications:
- Individual Income Tax Rates, Standard Deductions and Exemptions (Mississippi Department of Revenue)
- Pub 89-700, Mississippi Withholding Income Tax Tables and Employer Instructions (Rev. 07/25, tables effective January 1, 2026)
- Withholding Tax (Mississippi Department of Revenue)
- Gov. Reeves Signs Historic Legislation Eliminating Mississippi's Individual Income Tax (Office of Governor Tate Reeves, March 27, 2025)
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