Estimate your quarterly taxes as a self-employed worker in Biloxi for 2026, including self-employment tax, federal income tax, and Mississippi state income tax.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
Biloxi freelancers pay federal self-employment tax, federal income tax, and Mississippi state income tax (Flat 4.7%). Mississippi exempts the first $10,000 of taxable income and applies a flat 4.7% rate above that threshold. The state has been phasing out its income tax on lower brackets.
| Tax Component | Rate / Detail (2026) |
|---|---|
| Self-Employment Tax | 15.3% on 92.35% of net profit |
| Social Security portion | 12.4% on first $176,100 |
| Medicare portion | 2.9% (no cap) |
| SE Tax Deduction | Deduct half of SE tax from income |
| Federal Standard Deduction (Single) | $15,000 |
| Mississippi State Income Tax | Flat 4.7% |
| Biloxi Local Income Tax | None |
| Quarterly Due Dates | April 15, June 16, September 15, January 15 |
Biloxi is a Gulf Coast city built on casino gaming and tourism, seafood and shrimping, and a major U.S. Air Force presence at Keesler Air Force Base, with a beachfront economy that has rebuilt and grown since Hurricane Katrina.
| Local Metric | Biloxi (2026 estimate) |
|---|---|
| Metro population | 50,000 |
| County / jurisdiction | Harrison County |
| Cost of living index (US avg = 100) | 83 |
| MIT living wage, single adult | $18.00/hour |
| MIT living wage, one earner supporting a family of four | $37.50/hour |
| Applicable minimum wage | $7.25/hour |
| Average rent, 1-bedroom | $1,050/month |
| Average rent, 2-bedroom | $1,300/month |
| Median home price | $210,000 |
| Median household income | $48,000/year |
| Combined sales tax rate | 7% |
| Effective property tax rate | 0.85% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
If you expect to owe at least $1,000 in federal tax, you generally must pay quarterly. This covers freelancers, contractors, sole proprietors, and LLC members in Biloxi. Mississippi also requires state estimated payments if you expect to owe $200 or more in state income tax.
Federal estimated taxes are due April 15, June 16, September 15, and January 15. Mississippi uses the same quarterly schedule as the IRS for its state estimated payments.
A common rule is 25% to 35% of net profit. Because Mississippi adds state income tax (Flat 4.7%) on top of federal taxes, Biloxi freelancers often set aside toward the higher end. Use the calculator above for your numbers.
The self-employment tax rate is 15.3% (12.4% Social Security up to $176,100 of net earnings, plus 2.9% Medicare with no cap). It applies to 92.35% of net profit, and half of it is deductible against income tax.
Biloxi does not levy a local personal income tax. Your estimated payments cover federal taxes and Mississippi state income tax.