Free Paycheck Calculator Mississippi

The salary calculator will help you automatically calculate your annual salary, weekly salary, and also the number of hours you work per week, the frequency of payments, the taxes of the different states where you are located, in addition to showing you the salary breakdown, it will also provide you with charts to access, all you need to do is to fill out the calculator below to get your answer.

All-in-One Paycheck Calculator

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Used to calculate yearly salary if only hourly wage is given How often you receive your paycheck Used to apply state income tax (default flat rate per state) % of income contributed to retirement savings (optional) Health, dental, or other deductions

How We Ensure Your Calculations Are Accurate at HnKey

Verified Data:In order to ensure that the accuracy of our calculations is our main priority, our team frequently checks the tax information, and policies of the IRS to review our calculations in a timely manner.

Regularly Updated:It is important to note that these data, not our guesses, come from official sources such as the IRS and state tax offices.

Disclaimer: This tool is for estimation purposes only and does not constitute financial advice. Please consult a qualified professional for personalized financial guidance.

Understanding your paycheck in Mississippi involves knowing how federal and state taxes, along with other deductions, affect your take-home pay. This guide provides a clear explanation of the key components involved in calculating your paycheck, including Mississippi’s state income tax, federal taxes, and other withholdings, as well as official guidelines and resources to help you estimate your net income accurately.

Mississippi State Income Tax

Mississippi levies a state income tax on residents, which is applied to your taxable income after federal adjustments and exemptions. As of 2025, Mississippi has a flat state income tax rate of on taxable income above $10,000 for single filers and married individuals filing jointly. Income below this threshold is not subject to state income tax, following the state’s gradual elimination of lower tax brackets in recent years. To calculate your state income tax, subtract any applicable exemptions or deductions from your gross income to determine your taxable income, then apply the rate. For example, an individual with a taxable income of $50,000 would owe $1,881 in state income tax ($40,000 × The Mississippi Department of Revenue provides detailed guidance on its official website, including information on exemptions, deductions, and filing requirements.

Federal Income Tax

Federal income tax is withheld from your paycheck based on your gross income, filing status, and allowances claimed on your W-4 form. The Internal Revenue Service (IRS) uses a progressive tax system with seven tax brackets for 2025, ranging from 10% to 37%, depending on your taxable income. For instance, a single filer earning $50,000 in taxable income would fall primarily into the 22% tax bracket, with a portion taxed at 12% and 10%. To estimate federal tax withholding, you can use the IRS Tax Withholding Estimator, available on the IRS website. This tool helps you adjust your W-4 to ensure accurate withholding based on your income, dependents, and other factors.

FICA Taxes

The Federal Insurance Contributions Act (FICA) taxes fund Social Security and Medicare. For 2025, the Social Security tax rate is on income up to $168,600, and the Medicare tax rate is on all income, with an additional for high earners (single filers with income above $200,000). These taxes are withheld from your paycheck and matched by your employer. For example, an employee earning $50,000 annually would pay $3,100 in Social Security tax ($50,000 × and $725 in Medicare tax ($50,000 × The Social Security Administration provides further details on its website.

Other Deductions

Beyond taxes, your paycheck may include other deductions, such as health insurance premiums, retirement contributions (e.g., 401(k) or Mississippi’s Public Employees’ Retirement System), and voluntary withholdings like union dues or charitable contributions. These vary based on your employer’s benefits package and your personal elections. Reviewing your pay stub regularly helps you understand these deductions and ensure they align with your financial goals.

How to Calculate Your Paycheck

To estimate your take-home pay in Mississippi, follow these steps:

  • Determine your gross pay (before taxes and deductions) for the pay period.
  • Subtract pre-tax deductions, such as retirement contributions or health insurance premiums, to find your taxable income.
  • Calculate federal income tax based on your filing status and the IRS tax tables.
  • Apply Mississippi’s state income tax on taxable income above $10,
  • Subtract FICA taxes (Social Security and Medicare).
  • Account for any additional deductions, such as insurance or garnishments.

The result is your net pay, or take-home amount. For precise calculations, use the paycheck calculator tool below, which accounts for federal and Mississippi tax rates, as well as common deductions.

Official Resources and Tips

For accurate paycheck calculations, refer to the IRS website for federal tax details and the Mississippi Department of Revenue for state-specific information. Update your W-4 form annually or after major life events (e.g., marriage, new dependents) to ensure proper withholding. If you’re self-employed, you’ll need to account for quarterly estimated taxes, as outlined by the IRS and Mississippi Department of Revenue. Consulting a tax professional can also help with complex situations, such as multiple income sources or itemized deductions.

The above information is reviewed by our team of tax experts, all of them have an average of about 10 years of experience in the U.S. tax, if you have any questions, you can submit the form to us, our experts will be within 24 hours, reply to you.

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