Yahoo Web Search

Search results

1. www.tax.virginia.gov › exemptionsExemptions | Virginia Tax

   www.tax.virginia.gov › exemptions

   • Cached

   Dependents: An exemption may be claimed for each dependent claimed on your federal income tax return. If you are using Filing Status 3 or the Spouse Tax Adjustment, see the special notes for claiming dependent exemptions. In addition, Virginia allows an exemption of $800* for each of the following:

   • Subtractions

     In addition to the subtractions listed below, Virginia law...

   • Deductions

     4. Form 760-PY (part-year resident) - Married, filing...

   • Who Must File

     You must file an income tax return in Virginia if: you are a...

2. www.nerdwallet.com › article › taxesVirginia State Income Tax: Rates and Who Pays in 2023-2024 ...

   www.nerdwallet.com › article › taxes

   • Cached

   4 days ago · The tax rates and brackets below are for income reported on 2023 Virginia state income tax returns, which were due May 1, 2024. $0 to $3,000. 2% of taxable income. $3,001 to $5,000. $60 plus 3% of ...

3. People also ask

   Do Virginia tax rates apply to taxable income?

   • Rates apply to Virginia taxable income, which is based on federal adjusted gross income (AGI). Federal deductions will generally match your Virginia deductions (with the exception of the deduction for state income taxes). In Virginia, you can only claim itemized deductions if you did so on your federal return.

   Virginia Income Tax Calculator - SmartAsset

   smartasset.com/taxes/virginia-tax-calculator

   See all results for this question

   Can a spouse claim a personal exemption on a Virginia tax return?

   • If you use Filing Status 4 on your Virginia return, each spouse must claim his or her own personal exemptions under the column showing their income. Virginia allows an exemption of $930* for each of the following: Yourself (and Spouse): Each filer is allowed one personal exemption. For married couples, each spouse is entitled to an exemption.

   Exemptions | Virginia Tax

   www.tax.virginia.gov/exemptions

   See all results for this question

   How do I calculate my Virginia tax amount?

   • Virginia Subtractions From Income Before you can calculate your tax amount, you must first determine your Virginia taxable income (VTI), upon which your tax is based. Federal adjusted gross income (FAGI) is the starting point for computing (VTI) on individual tax returns.

   Subtractions | Virginia Tax

   www.tax.virginia.gov/subtractions

   See all results for this question

   Can I claim a dependent tax exemption in Virginia?

   • If you are using Filing Status 3 or the Spouse Tax Adjustment, see the special notes for claiming dependent exemptions. In addition, Virginia allows an exemption of $800* for each of the following: Age 65 or over: Each filer who is age 65 or over by January 1 may claim an additional exemption.

   Exemptions | Virginia Tax

   www.tax.virginia.gov/exemptions

   See all results for this question

4. www.tax.virginia.gov › news › new-virginia-tax-lawsNew Virginia Tax Laws for July 1, 2022 | Virginia Tax

   www.tax.virginia.gov › news › new-virginia-tax-laws

   • Cached

   Jul 1, 2022 · Increased standard deduction. Beginning with 2022 Virginia individual income tax returns, the standard deduction will increase to $8,000 for single filers and $16,000 for married couples filing jointly) provided certain revenue targets are met. If those targets are not met, then the standard deduction will increase to $7,500 and $15,000 ...

5. smartasset.com › taxes › virginia-tax-calculatorVirginia Income Tax Calculator - SmartAsset

   smartasset.com › taxes › virginia-tax-calculator

   • Cached

   Jan 1, 2024 · Virginia State Tax Quick Facts. Income tax: 2.00% - 5.75%. Sales tax: 4.30% - 7.00%. Property tax: 0.82% average effective rate. Gas tax: 16 cents per gallon of regular gasoline, 20 cents per gallon of diesel. The state of Virginia has a progressive income tax, with rates ranging from 2% to a top rate of 5.75%.