Virginia employs a graduated income tax system with rates ranging from 2% to 5.75%, which can significantly impact your net income based on your earnings level. While not as complex as some other states, Virginia's tax code includes various deductions and exemptions that affect your paycheck.
Virginia Income Tax Highlights
- 2% on the first $3,000 of taxable income
- 3% on taxable income between $3,001 and $5,000
- 5% on taxable income between $5,001 and $17,000
- 5.75% on taxable income over $17,000
These rates apply to residents on all sources of income and to non-residents on Virginia-sourced income. The state allows for certain deductions and credits that can affect your taxable income.
Virginia Calculators & Tools
Calculate Your Take-Home Pay
Input your income details and see how much you make after taxes and deductions.
Bonus Calculators
Find out how much your bonus will be taxed.
Net-to-Gross
Find out how much your gross pay should be for a specific take-home pay.
Withholding Forms
Specialty Calculators
Dual Scenario Hourly
Compare your take home pay in different hourly scenarios.
Dual Scenario Salary
Compare your take home pay in different salary scenarios.
401k Calculator
See how increasing your 401k contributions will affect your paycheck and your retirement savings.
Tax Tip Calculator
Determine your take home from tips after taxes
Key Points to remember about the Virginia Paycheck Structure
- Progressive tax system with four brackets
- Standard deduction of $4,500 for single filers and $9,000 for married couples filing jointly (2023 figures)
- Personal exemption of $930 per person (2023 figure)
- Some localities impose additional income taxes
- Virginia partially taxes Social Security benefits for some residents based on income levels
Understanding these aspects of Virginia's tax landscape is crucial for accurately estimating your net income and managing your finances effectively in the Old Dominion State. While Virginia's tax system is more detailed than some states, it's important to consider the various deductions and credits available to optimize your tax situation.
Learn more about the Payroll Process in Virginia
Visit the Virginia Payroll Guide page
Fun Facts
Virginia is rich in American history, with Colonial Williamsburg, Monticello, and many Civil War sites. It’s home to both the Appalachian Mountains and the Chesapeake Bay. The state’s proximity to Washington, D.C. makes it politically significant.