MISSISSIPPI CAPITAL GAINS TAX · TAX YEAR 2026
Mississippi capital gains tax calculator
Mississippi taxes capital gains as ordinary income, at its flat 4% rate, with no lower rate for long-term gains. On a $50,000 long-term gain with $75,000 of wages, a single filer owes $2,000 of Mississippi tax and $7,500 of federal income tax, $9,500 in all, and keeps $40,500.
Tax on your gain
- Total tax on the gain
- $9,500.00
- Federal income tax
- $7,500.00
- Net investment income tax
- $0.00
- Mississippi tax
- $2,000.00
- After-tax gain
- $40,500.00
- Effective rate
- 19.00%
Mississippi tax by size of gain
What a single filer with $75,000 of wages owes on a long-term gain. Federal tax includes the net investment income tax.
| Gain | Federal tax | State tax |
|---|---|---|
| $10,000 | $1,500 | $400 |
| $50,000 | $7,500 | $2,000 |
| $100,000 | $15,000 | $4,000 |
| $250,000 | $42,250 | $10,000 |
| $1,000,000 | $208,920 | $40,000 |
Mississippi capital gains tax questions
Does Mississippi tax capital gains?
Yes. Mississippi taxes capital gains as ordinary income, at its flat 4% rate, with no lower rate for long-term gains.
How much Mississippi tax is due on a capital gain?
A single filer with $75,000 of wages owes $2,000 of Mississippi tax on a $50,000 long-term gain, 4% of the gain, and $10,000, 4%, on a $250,000 gain. Federal tax on the same gains is $7,500 and $42,250.
Does Mississippi tax short-term capital gains differently?
No. Mississippi taxes a $50,000 short-term gain the same as a long-term one: $2,000 of Mississippi tax. Federal tax is what changes: $11,064 on the short-term gain against $7,500.
What the calculator leaves out
- Mississippi excludes gain on interests in domestic corporations, partnerships and LLCs held more than one year.
- Gain on authorized shares of financial institutions domiciled in Mississippi is also exempt, and excluded gain is first reduced by losses from that year or the two years before or after.
Federal tax stacks the gain on wages after the 2026 standard deduction, taxes a long-term gain at the long-term capital gains rates and a short-term gain at the ordinary brackets, and adds the net investment income tax. The gain is the only investment income. Capital losses and carryovers, qualified dividends, the collectibles and section 1250 rates, the alternative minimum tax and credits are left out; enter a home sale's gain after any federal exclusion.