Tag Archives: Mississippi
Often overshadowed by their tax time counterpart – the federal income tax – state income tax rates generally receive less attention. However, they can definitely impact your overall bill, depending on where you live, where you work, and the total amount you earn. State Taxation of Residents States typically use one of three methods to […]
— Read moreThe state of Mississippi has three rates at which it taxes income; for single tax payers the first $5,000 of income is taxable at 3%, from $5,001 to $10,000 is 4% and above $10,001 is 5%. Married couples who file a joint return have the option of determining their tax liability separately and then adding […]
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