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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.
Discover the Virginia tax tables for 2024, including tax rates and income thresholds. Stay informed about tax regulations and calculations in Virginia in 2024.
TAX TABLE. 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) .
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.
How to Calculate 2024 Virginia State Income Tax by Using State Income Tax Table. Virginia State Tax Tables. Tax rate used in calculating Virginia state tax for year 2024. Need a Better Way to Calculate Virginia State Income Tax Withholdings? Click here to view the step by step guide on.
Tax-Rates.org provides a printable Virginia datasheet including an income tax table, a list of Virginia tax deductions, important URLs and addresses, and more. This document is in PDF format.
On the Tax Table tab, enter 2024 in the Tax Year and select the Tax Table type to view. Below are screen images of the 2024 tax information. Refer to Help Topic – Changing a Tax for detailed instructions to manually change a tax if needed. Tax Table screen: