Mississippi State Tax Brackets 2024. On april 5, 2022, governor tate reeves signed into law house bill 531, which provides the largest individual income tax cut in the state's history by eliminating the current 4% tax. Compare 2023 state income tax rates and brackets with a tax data report.
Mississippi individual income tax rates vary from 0 to 5%, depending upon filing status, and taxable income. 34 states have 2024 state tax changes taking effect on january 1st, including state income tax changes and state business tax changes.
Individual Income Taxes Are A Major Source Of State Government Revenue, Accounting For More Than A Third Of State Tax.
Reeves targets mississippi’s personal income tax for elimination in 2024.
The Federal Corporate Income Tax System Is Flat.
What are the mississippi tax brackets?
2023 State Tax Filing Deadline:
Images References :
State Individual Income Tax Rates And Brackets, 2024.
Updated for 2024 with income tax and social security deductables.
