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

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.

State standard deduction

State exemptions

There is state-level exemptions for all type of filers and dependents. Refer to Tax Foundation for more details.

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.

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