Virginia Income Tax Calculator
Estimate your Virginia income tax burden
Updated for 2023 tax year on Mar 01, 2023
Income tax calculators by state
Virginia state taxes
Quick Virginia tax facts
- State income tax: 2% to 5.75%
- State sales tax: 4.3%
- Property tax: 0.8%
- Gas tax: 28.8 cents per gallon
- Tobacco tax: 60 cents per pack of cigarettes
- Insurance premium tax: Varies
From Wikipedia
Virginia income taxes
Virginia imposes a progressive state income tax, with rates starting at 2% and go up to 5.75%. This system ensures that higher-income earners contribute a larger portion of their income towards state revenue.
There are no state payroll taxes or local income taxes in Virginia. This reduces the administrative burden on businesses and lowers the overall tax liability for employees.
Virginia offers standard deductions for individual and joint filers. Additionally, it provides personal exemptions of $930 per individual, with extra exemptions available for filers who are 65 years or older, blind, or for dependents.
Calculate your income tax in Virginia
Calculating your Virginia state income tax is similar to the steps we listed on our Federal income tax calculator:
- Determine your filing status
- Work out your adjusted gross income [Gross income − Retirement contributions = Adjusted gross income]
- Calculate your state taxable income [Adjusted gross income − (Standard/Itemized deductions + Exemptions) = State taxable income]
- Figure out your state/local tax liability [State taxable income × State tax rate = State tax liability]
State income tax brackets
Refer to Tax Foundation for more details.
Tax year | Filing status | Taxable income | Rate |
---|---|---|---|
2022 2021 2020 |
Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $3,000 | 2% |
$3,000 – $5,000 | 3% | ||
$5,000 – $17,000 | 5% | ||
$17,000+ | 5.75% |
State standard deduction
Tax year | Filing status | Standard deduction amount |
---|---|---|
2022 2021 2020 |
Single Married, Filing Separately Head of Household |
$4,500 |
Married, Filing Jointly | $9,000 |
State exemptions
There is state-level exemptions for all type of filers and dependents. Refer to Tax Foundation for more details.
Tax year | Filing status | Personal exemption amount |
---|---|---|
2022 2021 2020 |
Single Married, Filing Separately Head of Household |
$930 |
Married, Filing Jointly or Widow(er) | $1,860 | |
Dependent(s) | $930 |
Virginia sales tax
The base sales tax rate in Virginia is 4.3%. However, an additional 1% is levied by local municipalities, and a 0.7% regional transportation fund surcharge applies in certain areas, making the highest possible sales tax rate 6%.
Virginia property tax
Virginia’s median property tax rate is comparatively moderate at 0.80% of the assessed property value.
Virginia capital gains tax
Capital gains in Virginia are taxed as regular income, which means they fall under the state’s progressive income tax scale.
Virginia gas tax
Capital gains in Virginia are taxed as regular income, which means they fall under the state’s progressive income tax scale.
Virginia tobacco tax
The tobacco tax in Virginia stands at 60 cents per pack of cigarettes, which is on the lower end compared to other states.
Virginia insurance tax
Virginia levies a tax on insurance premiums, with the rate varying depending on the type of insurance. For instance, fire insurance carries a higher tax rate compared to life insurance.
FAQs
How do I calculate my Virginia income tax?
Calculate your Virginia state income tax with the following six steps.
- Determine your filing status
- Gross income − Retirement contributions = Adjusted gross income
- Adjusted gross income − (Standard/Itemized deductions + Exemptions) = State taxable income
- State taxable income × State tax rate = State tax liability
How much is $72000 a year after taxes in Virginia?
For a single Virginian with a wage of $72,000 in 2022, the take home pay is $54,283.72 with a total income tax of $17,716.28.