Mississippi Side Hustle Tax Calculator
Calculate your Mississippi state tax (4.40%), federal tax, and self-employment tax on 1099 income.
Last updated: January 2026 · Data from IRS Rev Proc 2024-40
Mississippi side hustlers benefit from one of the simplest and lowest tax systems in the South. The Magnolia State has a flat 4.4% tax rate on income over $10,000 for 2025, with no tax at all on your first $10,000. Mississippi is on a path to potentially eliminate income tax entirely by 2040.
How Side Hustle Taxes Work in Mississippi
Mississippi uses a simple flat tax structure:
**Mississippi state tax (2025):** - 0% on the first $10,000 of taxable income - 4.4% flat rate on income over $10,000
**No local income taxes:** - Jackson and all Mississippi cities have no income taxes - Only the state rate applies
**Future reductions:** - Rate scheduled to drop to 4.0% in 2026 - Legislation aims for full elimination by 2040
What Mississippi Side Hustlers Owe
Let's say you're a single filer in Jackson with a $45,000 W-2 job and $12,000 in side hustle income from selling handmade goods, with $1,500 in business expenses.
**Your estimated taxes on the side hustle:** - Net self-employment income: $10,500 - Federal SE tax (15.3% of 92.35%): ~$1,485 - Federal income tax on side income: ~$2,310 (22% bracket) - Mississippi state tax (4.4% on amount over $10k): ~$462 - **Total additional tax: ~$4,257**
Your effective tax rate on the side hustle is about 41%.
Mississippi Tax Deadlines 2025
Mississippi estimated tax deadlines: - **Q1**: April 15, 2025 - **Q2**: June 15, 2025 - **Q3**: September 15, 2025 - **Q4**: January 15, 2026
Use Mississippi Form 80-106 for state estimated tax payments.
Common Deductions for Mississippi Freelancers
Mississippi deductions for freelancers: - Mississippi starts with federal adjusted gross income - All Schedule C business expenses apply - Home office expenses - Business mileage (67 cents/mile for 2025) - The $10,000 zero-bracket provides automatic relief
Mississippi Side Hustle Tax FAQ
What is Mississippi's tax rate?
Mississippi has a 4.4% flat rate on income over $10,000. The first $10,000 of taxable income is tax-free.
Is Mississippi eliminating its income tax?
Mississippi is on a path to potentially eliminate income tax by 2040. The rate drops to 4.0% in 2026, then 3% by 2030.
Does Mississippi have local income taxes?
No, Mississippi has no local or city income taxes. The state rate is your only Mississippi income tax.
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