Mississippi Paycheck Calculator

Utilize Federal Pension Advisors' Mississippi paycheck calculator to determine your take-home pay per paycheck for both salaried and hourly positions, accounting for federal, state, and local taxes.

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Gross Pay

Federal Taxes

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Dependents Amount

Other Income

Deductions

Additional Federal Withholding

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Note: The results provided by this calculator are estimates and should not be considered as financial advice. For precise calculations and personalized advice, please consult with a financial professional.

Mississippi Taxes: An Overview

Mississippi has a fairly low tax burden. The state’s income tax tops out at 7.00% for income over $10,000. Additionally, Mississippi doesn’t have city or local income taxes.

Paycheck Calculator Mississippi

Here are some quick facts about paychecks in Mississippi:

Mississippi income tax rate: 7%
Median household income: $52,985 (U.S. Census Bureau)
Number of cities with local income taxes: 0

Understanding Your Mississippi Paycheck

You also have federal income tax withheld from your paycheck. Instead of paying all your taxes in April, you pay them in smaller amounts throughout the year. How much is withheld depends on your earnings and the information you provide on your W-4 form. This form tells your employer things like your marital status and if you want extra money withheld.

The W-4 form has been updated recently. The new version doesn’t use allowances or let you claim personal or dependency exemptions. Instead, it has a five-step process where you fill out your personal details, claim dependents, and include any additional jobs or income. You also enter annual amounts for income tax credits, non-wage income, itemized deductions, and total taxable wages.

Other deductions from your paycheck depend on the benefits you choose from your employer. If you have health or life insurance through work, those premiums come out of your paycheck, usually before taxes are taken out. This reduces your taxable income. You might also have pre-tax deductions for retirement accounts like a 401(k) or 403(b), and for medical expenses like a health savings account (HSA) or flexible spending account (FSA).

Mississippi Median Household Income

Year	Median Household Income
2022	$52,985
2021	$46,637
2020	$45,134
2019	$44,787
2018	$42,781
2017	$43,281
2016	$41,099
2015	$40,037
2014	$35,521
2013	$32,338
2012	$36,641

Using a Mississippi paycheck calculator can also help you understand how often you get paid and how taxes will impact your take-home pay. And not only Mississippi, there are some other calculators according to states like, Arizona, Montana, and New Hampshire paycheck calculator, etc also can help you.

How You Can Affect Your Mississippi Paycheck

To adjust the size of your paycheck in Mississippi, start by reviewing your W-4 form. This form tells your employer how much tax to withhold from each paycheck.

If you're worried about a large tax bill in April, you can choose to have extra money withheld from each paycheck. For instance, you might decide to withhold an additional $20 each pay period. Just fill out a new W-4 with this amount, and use our paycheck calculator to figure out how much extra you should withhold.

Another way to lower your taxable income is by increasing your contributions to pre-tax retirement accounts like a 401(k) or 403(b). Contributions to these accounts are taxed only when you withdraw the money. In Mississippi, you won't have to pay state income tax on your 401(k) withdrawals if you retire there.

If you're planning to move to Mississippi and buy a home, check out our Mississippi mortgage guide. It provides all the key information about mortgage rates and the buying process in one easy-to-read page.

Most Paycheck Friendly Places in Mississippi

Rank	County, State	Semi-Monthly Paycheck	Purchasing Power	Unemployment Rate	Income Growth	Most Paycheck Friendly Index
1	DeSoto County, MI	$2,362	2.22	3.2%	4.09%	66.75
2	Lee County, MI	$2,362	1.89	3.3%	7.03%	66.51
3	Itawamba County, MI	$2,362	1.71	3.4%	8.63%	66.28
4	Rankin County, MI	$2,362	2.10	2.9%	4.03%	66.19
5	Smith County, MI	$2,362	1.69	3.7%	8.98%	65.90
6	Madison County, MI	$2,362	2.17	3.1%	2.53%	64.96
7	Lamar County, MI	$2,362	2.04	3.1%	3.48%	64.76
8	Webster County, MI	$2,362	1.72	3.9%	7.55%	64.44
9	Union County, MI	$2,362	1.59	2.9%	5.93%	63.53
10	Pontotoc County, MI	$2,362	1.73	3.5%	5.52%	63.26
Mississippi		$2,362	1.4	4.6%	3.7%

Why Use a Paycheck Calculator Mississippi?

Understanding your take-home pay is essential for effective budgeting and financial planning. A Mississippi paycheck calculator simplifies this process by accurately determining your net pay. It considers various deductions such as federal taxes, state taxes, Social Security, Medicare, and any pre-tax deductions like health insurance or retirement contributions. Using a calculator tailored to Mississippi’s tax regulations ensures that all relevant state-specific factors are included in your calculations.

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