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).|
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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- Taxes/State and Local Taxes/Multistate State Tax Help and Forms
- Taxes/State and Local Taxes/State Tax Tools/State Tax FAQs/Virginia State Tax Questions and Answers
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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.
Download forms and info for businesses and individuals.
Under the terms of the Virginia Tax Amnesty Program, the Commonwealth’s first such program since 1990, individuals and businesses that owe certain state taxes may qualify to have their existing penalties and half of their accrued interest waived, provided that the taxes and the other half of the interest are paid during the amnesty period. If delinquent taxpayers do not take advantage of the amnesty, they will be assessed an additional 20 percent penalty on the taxes owed.
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Free direct Internet filing via interactive Web session. Program hyperlink currently inactive; check back during filing season.
