Mississippi Capital Gains Tax Calculator
Calculate your 2026 capital gains tax in Mississippi. Mississippi taxes capital gains at rates up to 4%, plus federal taxes.
Original purchase price
Renovations, additions — added to your basis
Agent commissions, closing costs, title & transfer fees
Total Tax
$41,800
20.9% effective rate
Capital Gain
$200,000
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Tax Breakdown
Sale price minus selling costs and all taxes (before any mortgage payoff).
Federal
$33,800
MS State
$8,000
Effective Rate
20.9%
Mississippi Capital Gains Tax
Mississippi taxes capital gains as ordinary income: 0% on the first $10,000 of taxable income and 4% above that for 2026. The rate is set to fall to 3.75% in 2027. This calculator applies the 4% top rate to the whole gain, so it overstates the tax for most filers.
Long-term: Taxed as ordinary income (4% above the first $10,000 of taxable income)
Short-term: Taxed as ordinary income (4% above the first $10,000 of taxable income)
NIIT Applied
The 3.8% Net Investment Income Tax applies because your income exceeds $200,000.
Mississippi Capital Gains Tax Details
Tax Treatment
Tax Type
Taxed as ordinary income
Maximum Rate
4%
Available Exemptions
- Federal home-sale exclusion ($250K single / $500K married filing jointly) flows through to the Mississippi return
- Gain on stock of Mississippi banks and corporations, or interests in Mississippi partnerships and LLCs, held more than one year is exempt (reduced first by losses on similar sales)
- Selling costs and capital improvements reduce the taxable gain
Mississippi Capital Gains Tax FAQ
Official References
- IRS Topic 409: Capital Gains and Losses
Federal capital gains tax guidance
- IRS Publication 523: Selling Your Home
$250K / $500K home-sale exclusion, basis adjustments, and selling expenses
- Mississippi DOR — Individual Income Tax FAQs (capital gains)
Mississippi state capital gains rules
This calculator provides estimates. Consult a tax professional for advice specific to your situation in Mississippi.
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