Virginia’s state income tax contains 4 brackets, with charges starting from 2% to five.75%. What you owe is dependent upon your taxable revenue, submitting standing, and eligibility for credit or deductions. Residents, part-year residents, and nonresidents incomes revenue in Virginia might all have submitting necessities.
Studying the fundamentals of Virginia’s tax system may also help you confidently navigate your revenue taxes. Let’s discover who must file, how residency impacts your taxes, and key deductions and credit to learn about.
*Be aware that you’re nonetheless liable for federal taxes when you meet the IRS income filing threshold. This text addresses state-specific taxes solely.
Virginia state revenue tax charges
Virginia has 4 revenue tax brackets, with charges starting from 2% to five.75%. Your taxable revenue determines your tax fee.
| VA taxable revenue | Tax calculation |
| $0 to $3,000 | 2% |
| $3,001 to $5,000 | $60 plus 3% of the quantity over $3,000 |
| $5,001 to $17,000 | $120 plus 5% of the quantity over $5,000 |
| Over $17,000 | $720 plus 5.75% of the quantity over $17,000 |
Supply: Virginia Department of Taxation
Most Virginia filers should file their Virginia state return by May 1. The federal tax due date is April 15, 2025.
What’s the normal deduction in Virginia?
The usual deduction reduces the portion of your revenue that Virginia taxes, making it a well-liked selection for a lot of taxpayers. In Virginia, the deduction varies by submitting standing:
| Submitting standing | Commonplace deduction |
| Single (all returns) | $8,500 |
| Married, submitting collectively (all returns) | $17,000 |
| Married, submitting individually (resident) | $8,500 |
| Married, submitting individually (part-year resident) | $8,500* |
| Married, submitting individually (nonresident) | $8,500 |
| Married, submitting individually on a mixed return (part-year resident) | $17,000 |
| Married, submitting individually (nonresident) | $8,500 |
*Half-year residents prorate the usual deduction primarily based on their interval of residency.
Supply: Virginia Department of Taxation
This deduction applies whether or not you’re a resident, part-year resident, or nonresident, so long as your revenue qualifies underneath Virginia tax pointers. Taxpayers typically use the usual deduction as a result of it simplifies submitting and might supply a better discount than itemizing. As well as, married {couples} submitting collectively might profit from the spouse tax adjustment (STA), which might cut back their tax by as much as $259, providing a little bit of aid for dual-income households.
Who has to file Virginia state revenue tax?
You’ll must file a Virginia state revenue tax return in case your Virginia adjusted gross revenue (VAGI) meets these thresholds:
- Single: $11,950 or extra
- Married, submitting collectively: $23,900 or extra
- Married, submitting individually: $11,950 or extra
This is applicable to residents, part-year residents, and nonresidents incomes revenue from Virginia sources. Even when your revenue falls under these ranges, you might need to file when you’re eligible for a refund or tax credit.
How Virginia residency impacts tax submitting
Virginia has three residency statuses for tax functions: resident, part-year resident, and nonresident. Your residency standing determines how a lot of your revenue is taxable in Virginia and which kinds you’ll must file.
The chart under breaks down every residency standing, who qualifies, and the way revenue is taxed in Virginia.
| Residency standing | Definition | How Virginia taxes revenue |
| Resident | An individual who lives in Virginia, maintains a house for greater than 183 days, or is a authorized (domiciliary) resident of the Commonwealth. | All revenue, no matter the place it’s earned, is taxed. |
| Half-year resident | An individual who strikes into Virginia through the 12 months meaning to turn out to be a resident or strikes out to ascertain residency in one other state. | Taxed on all revenue earned whereas a resident, plus Virginia-sourced revenue. |
| Nonresident | An individual who will not be a resident or part-year resident however receives taxable revenue from Virginia sources. | Taxed solely on revenue earned from Virginia sources. |
Supply: Virginia Department of Taxation
Different revenue tax concerns in Virginia
In Virginia, particular forms of revenue might qualify for subtractions or exemptions that may cut back your taxable revenue. Right here’s a fast have a look at how totally different classes are handled:
Retirement and pension revenue tax
- Army retirement revenue as much as $30,000 could be subtracted for the 2024 tax 12 months, whereas $40,000 could be subtracted for tax years 2025 and later.
- Pensions and retirement revenue are totally taxable.
- Taxpayers 65 and older might qualify for a $12,000 deduction.
Funding revenue tax
- Capital good points are taxed on the similar fee as private revenue.
- Revenue from investments in certified expertise companies could be subtracted.
Social Safety revenue tax
Social Safety and Tier 1 Railroad Retirement advantages are exempt from state taxation.
Army revenue tax
- As much as $15,000 of navy fundamental pay could also be subtracted if complete pay is lower than $30,000. For each greenback of revenue over $15,000, the utmost subtraction is decreased by $1.
- Fight or hazardous obligation pay is totally exempt from taxation.
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Frequent Virginia state tax deductions and credit
The next deductions and credit might assist decrease your Virginia state revenue tax legal responsibility.
| Tax credit score | Description | Quantity |
| Credit score for Taxes Paid to One other State | Reduces tax legal responsibility for revenue taxed by one other state. | Credit score of the lesser quantity of revenue tax paid to the opposite state or the quantity of Virginia tax due on the revenue. |
| Virginia Earned Revenue Tax Credit score (EITC) | Refundable credit score (15% of federal EITC) or non-refundable (20% of federal EITC); can not declare each. | As much as 15% (refundable) or 20% (non-refundable); most federal EITC is $7,830 for 2024 tax 12 months. |
| Credit score for Low Revenue People (CLI) | Helps low-income taxpayers cut back their tax burden. | As much as $300 per private or dependent deduction. |
| Eligible Educator Expense Deduction | Deduction for qualifying bills paid by eligible educators. | As much as $500 of bills. |
How you can file Virginia state revenue tax
Submitting your Virginia taxes can really feel like a puzzle, however TurboTax makes it straightforward to place the items collectively. From uncovering each Virginia-specific deduction to serving to you declare credit that would enhance your refund, we’ve bought your again.
Whether or not you’re submitting as a resident, part-year resident, or nonresident, TurboTax ensures that your return is correct and full. You may select to file on your own with on-line help or join with a local tax expert in Virginia for personalised steerage. Our consultants may even deal with submitting your taxes for you.
Virginia taxes don’t should be demanding. With TurboTax, you’ll be able to file with confidence and maintain extra of your hard-earned cash in your pocket.