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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 .
Virginia's 2024 income tax ranges from 2% to 5.75%. This page has the latest Virginia brackets and tax rates, plus a Virginia income tax calculator. Income tax tables and other tax information is sourced from the Virginia Department of Taxation.
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) .
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.
You can use our free Virginia income tax calculator to get a good estimate of what your tax liability will be come April. On the next page, you will be able to add more details like itemized deductions, tax credits, capital gains, and more.
The free online 2024 Income Tax Calculator for Virginia. Learn how to estimate your income tax with easy steps focusing on taxable income and understanding the results.
