Virginia Income Tax Calculator

Estimate your Virginia income tax burden

Updated for 2024 tax year on Feb 16, 2024

What was updated? 2024 federal income tax, state income tax, standard deduction & exemption
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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
Virginia United States

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:

  1. Determine your filing status
  2. Work out your adjusted gross income [Gross income − Retirement contributions = Adjusted gross income]
  3. Calculate your state taxable income [Adjusted gross income − (Standard/Itemized deductions + Exemptions) = State taxable income]
  4. 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
2023
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
2023
2022
Single
Married, Filing Separately
Head of Household
$8,000
Married, Filing Jointly $16,000
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
2023
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.

  1. Determine your filing status
  2. Gross income − Retirement contributions = Adjusted gross income
  3. Adjusted gross income − (Standard/Itemized deductions + Exemptions) = State taxable income
  4. 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 2023, the take home pay is $55,022.47 with a total income tax of $16,977.53.