MS risk area

Tax exposure in Mississippi

State estate or inheritance tax rules and how they interact with federal thresholds.

Mississippi does not require a state estate tax return for deaths on or after January 1, 2005 and does not impose inheritance or gift taxes.

Does the state impose an estate or inheritance tax?Who is exempt or receives preferential treatment?How does federal tax interact with state rules?

At a glance

Key takeaways

  • No Mississippi estate tax return is required for decedents dying on or after January 1, 2005.
  • Mississippi does not have an inheritance tax.
  • Mississippi does not have a gift tax.
  • With no state death tax, tax exposure is primarily federal when the estate exceeds the federal exemption.

Questions to consider

Questions this risk area helps you evaluate in Mississippi

  • Does the state impose an estate or inheritance tax?
  • Who is exempt or receives preferential treatment?
  • How does federal tax interact with state rules?

State overview

Mississippi does not require a state estate tax return for deaths on or after January 1, 2005 and does not impose inheritance or gift taxes.

  • No Mississippi estate tax return is required for decedents dying on or after January 1, 2005.
  • Mississippi does not have an inheritance tax.
  • Mississippi does not have a gift tax.
  • With no state death tax, tax exposure is primarily federal when the estate exceeds the federal exemption.

Sources

Risk sources

National sources provide baseline context; state statutes and court rules control in Mississippi.