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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 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.
Monthly Payroll Period Virginia Income Tax Withholding Table For Wages Paid After April 1, 2024. If wages are in excess of the maximum amount shown above, compute 5.75% of such excess and add to the last amount in the applicable column.
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 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.
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.
