Virginia State Income Tax Brackets 2024. A top bracket of 7.25% is imposed on income over $5 million for 2022 & 2023. Updated for 2024 tax year on apr 24, 2024.
10%, 12%, 22%, 24%, 32%, 35%, and 37%. The revised package was also vetoed by the governor.
Income Tax Tables And Other Tax Information Is Sourced From The Virginia.
The internal revenue service (irs) has finally started to act on the rising inflation rates experienced by every taxpayer around the nation.
Virginia Also Has A Flat 6.00 Percent Corporate Income Tax Rate And Permits Local.
Like the federal income tax, the virginia state income tax is progressive, meaning the rate of taxation increases as taxable income increases.
The 2024 Legislative Session Brought Many Other Major Victories On Issues Of Importance To Small Businesses.
Images References :
Other Rate Updates From The Irs.
35% for incomes over $243,725 ($487,450.
While Low Earners Pay Lower Marginal Rates, The Top Bracket Begins At Just $17,000 In Taxable Income.
Virginia has a graduated individual income tax, with rates ranging from 2.00 percent to 5.75 percent.
