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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.
9 paź 2024 · Virginia state income tax rates are 2%, 3%, 5% and 5.75%. Income tax brackets and rates depend on taxable income and residency status. Virginia tax returns for the 2023 tax year were...
TAX RATE SCHEDULE. IF YOUR VIRGINIA TAXABLE INCOME IS: Not over $3,000, your tax is 2% of your Virginia taxable income. over— $ 3,000 $ 5,000 $17,000. but not over— $ 5,000 $ 17,000. your tax is— $ 60 + 3 % $ 120 + 5 % $ 720 + 5.75 % of excess over— $ 3,000 $ 5,000 $17,000. Example.
Your average tax rate is 10.94% and your marginal tax rate is 22%. This marginal tax rate means that your immediate additional income will be taxed at this rate.
1 sty 2024 · Virginia Income Taxes. There are four tax brackets for filers in Virginia. While low earners pay lower marginal rates, the top bracket begins at just $17,000 in taxable income. This means most taxpayers in Virginia will pay the top rate of 5.75% on at least part of their income. The table below shows the tax brackets for Virginia filers.
The Virginia income tax has four tax brackets, with a maximum marginal income tax of 5.750% as of 2024. Detailed Virginia state income tax rates and brackets are available on this page.
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 .
