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The tax table can be used if your Virginia taxable income is listed in the table. Otherwise, use the Tax Rate Schedule. TAX TABLE (Cont’d) .
2024 Tax Rate Schedule. Tax Rates on Long -Term Capital Gains and Qualified Dividends. For individuals, 3.8% tax on the lesser of: (1) Net Investment Income, or (2) MAGI in excess of $200,000 for single filers, or head of households, $250,000 for married couples filing jointly, and $125,000 for married couples filing separately. (3) Page 2 of 21
The 2024 tax rates and thresholds for both the Virginia State Tax Tables and Federal Tax Tables are comprehensively integrated into the Virginia Tax Calculator for 2024. This tool is freely available and is designed to help you accurately estimate your 2025 tax return .
Formula. Effective for wages paid after April 1, 2024 (for Taxable Year 2024 and after filers) Example: John claims exemptions for himself, his spouse, and their three children for withholding tax purposes. He is paid on a semi-monthly basis, and his gross wages for this pay period were $2,476.
Virginia has four marginal tax brackets, ranging from 2% (the lowest Virginia tax bracket) to 5.75% (the highest Virginia tax bracket). Each marginal rate only applies to earnings within the applicable marginal tax bracket , which are the same in Virginia for single filers and couples filing jointly.
Virginia Income Tax Rates for 2024. Note: We don't currently have Virginia's income tax brackets for tax year 2024. Until updated 2024 tax rates become available for Virginia, the tax brackets shown above and used in the income tax calculator will be from tax year 2023. Learn how marginal tax brackets work. 2. Virginia Income Tax Calculator.
1 gru 2018 · Current Veterans disability compensation rates. Review 2024 Veterans disability compensation rates. Use our compensation benefits rate tables to find your monthly payment amount. We base your monthly payment amount on your disability rating and details about your dependent family members.
