Mississippi Crypto Tax Calculator

We built this free crypto tax calculator for residents of Mississippi who want to check calculations quickly. Our calculator is for informational purposes only. Please consult a CPA or tax professional. Use cryptocurrency tax accounting software if you have lots of trades.

Mississippi taxes capital gains as regular income at 5% for most taxpayers (income over $10,000). To calculate Federal taxes, please use our USA tax calculator.

Enter your total income (without capital gains): Total Cost of First Purchase: Amount of Sale:

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Mississippi Tax Brackets (2024)

Taxable Income	Tax Rate
$0 to $4,000	3%
$4,000 to $5,000	4%
Over $5,000	5%

Note: Most taxpayers with income over $10,000 will pay 5% on their capital gains.

Cryptocurrency Taxation in Mississippi

Key Points

Simple Rate Structure: Most taxpayers will pay 5% on their crypto gains.
Income-Based Taxation: Gains are treated as regular income.
No Distinction: Mississippi makes no distinction between short-term and long-term gains.
Mining Income: Crypto mining is treated as self-employment income and taxed at regular income rates.

Common Tax Situations

Trading & Investment

All crypto trades, including crypto-to-crypto transactions, are taxable events. Most traders will pay the 5% rate on their gains.

Tax Planning Tips

While Mississippi's tax system is relatively simple, keep detailed records of all transactions for accurate reporting. Consider timing sales to offset gains with losses.