Retirement Tax Breakdown for Mississippi Residents

Complete Mississippi retirement tax guide: income tax rates, capital gains treatment, Social Security and pension taxation, property taxes, and sales tax. Overall retiree-friendliness rank: #3 of 51.

State Income Tax
4.4% top rate

1 bracket(s)

Capital Gains Rate
4.4%

Treated as ordinary income

Property Tax Rate
0.67%

#32 (Above Avg)

Sales Tax Rate
7.1%

State 7% + local avg 7.1%

Tax-Friendly State

Mississippi fully exempts all retirement income including Social Security, pensions, and retirement account distributions. The flat tax is being phased out. Property taxes are very low.

Retirement Income Taxation

Social Security

Not taxed

Pension Income

Not taxed

Retirement Exemption

None

Tax Comparison Summary

State income tax4.4% top
Capital gains4.4%
Property tax0.67% effective
Sales tax7.1% combined
Overall retiree rank#3 of 51

Mississippi Income Tax Brackets

State Tax Bracket Schedule

RateFromTo
4.4%$10,000No limit

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