Calculate your take home pay after federal & Virginia taxes
Last updated on Jul 20 2021
Paycheck calculators by state πΊπΈ
Virginia state income tax
Brief summary:
- the income tax rate ranges from 2% to 5.75%
- no state-level payroll tax
- has standard deductions and exemptions
- has a Earned Income Tax Credit (EITC)
Virginia fiscal year starts from July 01 the year before to June 30 the current year. So the fiscal year 2021 will start from July 01 2020 to June 30 2021.
Calculating your Virginia state income tax is similar to the steps we listed on our Federal paycheck calculator:
- figure out your filing status
- work out your adjusted gross income [Total annual income – Adjustments = Adjusted gross income]
- calculate your taxable income [Adjusted gross income – (Post-tax deductions + Exemptions) = Taxable income]
- understand your tax liability [Taxable income Γ Tax rate = Tax liability]
- determine whether your tax liability is more than your tax credits and withheld
- Tax liability – (Credits + Withheld) = What you owe or
- (Credits + Withheld) – Tax liability = Tax refunds
State payroll tax
There is no state-level payroll tax.
Income tax brackets
Refer to Tax Foundation for more details.
| Fiscal year | Filing status | Taxable income | Rate |
|---|---|---|---|
| 2021 2020 |
Single Married, Filing Jointly or Widow(er) Married, Filing Separately Head of Household |
$0 – $3,000 | 2.00% |
| $3,000 – $5,000 | 3.00% | ||
| $5,000 – $17,000 | 5.00% | ||
| $17,000+ | 5.75% |
Deductions
| Fiscal year | Filing status | Standard deduction amount |
|---|---|---|
| 2021 2020 |
Single Married, Filing Separately Head of Household |
$4,500 |
| Married, Filing Jointly | $9,000 |
Exemptions
There is state-level exemptions for all type of filers and dependents. Refer to Tax Foundation for more details.
| Fiscal year | Filing status | Personal exemption amount |
|---|---|---|
| 2021 2020 |
Single Married, Filing Separately Head of Household |
$930 |
| Married, Filing Jointly or Widow(er) | $1,860 | |
| Dependent(s) | $930 |
Earned Income Tax Credit (EITC)
| Fiscal year | Percentage of Federal EITC | Maximum income |
|---|---|---|
| 2021 2020 |
20% | No |
Child Tax Credit (CTC)
There is no state-level CTC.
FAQs
What taxes do Virginian pay?
On top of federal income tax, the residents of Virginia only need to pay state-level income tax ranging from 2% to 5.75%.
How much do you make after taxes in Virginia?
A single filer who earns $72,000 per year will take home $55,956.72.
A married couple with a combined annual salary of $114,000 will take home $89,305.95 after tax.