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Virginia State Tax Help and Forms (Subscribe)

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Virginia tax help, forms and answers to thousands of Virginia tax questions. Handy summary of all Virginia taxes, including corporate and individual Virginia income taxes, credits, exemptions, deductions and more. Includes Virginia estate, gift and inheritance tax, miscellaneous Virginia taxes, pass-through entity treatment, payroll taxes, property taxes and Virginia sales & use taxes.

Virginia ranks #15 on the State Business Tax Climate Index (TaxFoundation.org).

Virginia State Tax Summary (TaxGrams ™)
Corporate Taxes
   Rates & Brackets:
      6%> $0
   Loss Carry-back/fwd: 2 Years Back / 20 Years Forward (Unlimited)
   Throwback Sales?: N
   Foreign Tax Deductible?: N
   Alternative Minimum Tax (AMT): N
   Gross Receipts Tax: N
   Capital Stock (Net Worth) Tax?: N

Credits and Incentives
   Job Credits?: Y
   R&D Credits?: N
   Investment Credits?: N

Individual Taxes
   Rates & Brackets:
      2%> $0
      3%> $3,000
      5%> $5,000
      5.75%> $17,000
   Local Option IT Rate: None
   Federal Inc used as Base?: Y
   Standard Deductions: Single $3,000 / Joint $6,000
   Personal Exemptions/Credits (c): Single $930 / Joint $1,860 / Dependent $930
   Federal Tax Deductible?: N
   State Tax Deductible?: Y
   Alternative Minimum Tax (AMT)?: N

Inheritance, Gift, Estate, Death Taxes
   Gift Tax?: N
   Estate Tax?: Copies Federal
   Inheritance Tax?: N
   Generation-Skipping Tax?: N

Miscellaneous Taxes
   Gas Tax: 18.1 cents/gallon
   Diesel Tax: 19.6 cents/gallon
   Cigarette Tax: 30.0 cents/20 pack

Pass-through Entities
   LLC Pass-through Recognized?: Partial
   S-Corp Pass-through Recognized?: Y

Payroll Taxes
   Unemployment Insurance Tax Index (TaxFoundation.org): #44

Property Taxes
   Median Tax Paid on Homes (Rank): $1,854 (#22)
   Median Value of Homes: $269,600
   Tax as % of Home Value (Rank): 0.69% (#33)
   Median Income of Homeowner: $75,504
   Tax as % of Income (Rank): 2.46% (#28)

Sales and Use Taxes
   State Rate: 5.0%
   County & City (Weighted Ave): None
   Combined State and Ave. Local Rates (Rank): 5.0% (#43)
   General Treatment of Services: Exempt
   Gas Exemption: Exempt
   Grocery Exemption: Partial

 
 

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Virginia Department of Taxation popular

Features tax info for individuals, businesses, probate and estate; electronic filing and funds transfer; and downloadable publications. Good organization, easy navigation and large amounts of excellent info.

http://www.tax.virginia.gov/

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Virginia: Installment Agreement

If you are unable to pay your bill in a timely manner, you should contact the Virginia Department of Taxation as soon as possible. In most cases, they will accept payment in monthly installments.

http://www.tax.virginia.gov/documents/BILLOFRIGHTS.pdf

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Virginia: Interactive Tax Return

10 out of 10 stars (1 vote)

Free direct Internet filing via interactive Web session. Program hyperlink currently inactive; check back during filing season.

https://www.individual.tax.state.va.us/

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