![]() ![]() also maintains an archive of important Virginia income tax exemption amounts, including the Virginia Standard Deduction, the Virginia Personal Exemption, and the Virginia Dependent Deduction. Virginia Residents State Income Tax Tables for Married (separate) Filers in 2021 Personal Income Tax Rates and Thresholds (Annual) Tax Rate Taxable Income Threshold 10: Income from 0.000.00: to: 9,950.00: 12: Income from 9,950.01 : to: 40,525.00: 22: Income from 40,525.01 : to: 86,375.00: 24: Income from 86,375.01 : to. Virginia's income tax brackets were last changed fourteen years ago for tax year 2009, and the tax rates have not been changed since at least 2001. Virginia also has a flat 6.00 percent corporate income tax rate and permits local gross receipts taxes.Virginia has a 5. Income tax brackets are required state taxes in Virginia based on relative income and earnings. Of those states taxing wages, nine have single-rate tax structures, with one rate applying to all taxable income. How does Virginia’s tax code compare Virginia has a graduated individual income tax, with rates ranging from 2.00 percent to 5.75 percent. The tax rates are broken down into groups called tax brackets. eFiling is easier, faster, and safer than filling out paper tax forms. This means that these brackets applied to all income earned in 2022, and the tax return that uses these tax rates was due in April 2023. Virginia Tax Rates, Collections, and Burdens. for lower-middle and middle income (third quintile, 36,000 to 68,000 in income) filers by updating the tax brackets to account for inflation. Virginia Income Tax Brackets Single Tax Brackets Virginia Single Tax Brackets TY 2023 - 2024. This page shows 's archived Virginia tax brackets for tax year 2022. FREE for simple returns, with discounts available for users! The sales tax is 6 statewide, with a handful of cities collecting additional local taxes. The income tax system here consists of five brackets, with rates from 3 to 6.5. ![]() File your Virginia and Federal tax returns online with TurboTax in minutes. The state of West Virginia has both a state sales tax and a state income tax, along with some of the lowest property taxes in the U.S. EFiling is easier, faster, and safer than filling out paper tax forms. ![]()
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