The federal standard deduction for a Widower Filer in 2021 is $ 25,100.00. The federal federal allowance for Over 65 years of age Head of Household Filer in 2021 is $ 1,350.00 Virginia Residents State Income Tax Tables for Head of Household Filers in 2021 The federal standard deduction for a Head of Household Filer in 2021 is $ 18,800.00. The federal federal allowance for Over 65 years of age Married (separate) Filer in 2021 is $ 1,350.00 Virginia Residents State Income Tax Tables for Married (separate) Filers in 2021įederal Head of Household Filer Tax Tables The federal standard deduction for a Married (separate) Filer in 2021 is $ 12,550.00. The federal federal allowance for Over 65 years of age Married (Joint) Filer in 2021 is $ 1,350.00 Virginia Residents State Income Tax Tables for Married (Joint) Filers in 2021įederal Married (separate) Filer Tax Tables The federal standard deduction for a Married (Joint) Filer in 2021 is $ 25,100.00. Personal Income Tax Rates and Thresholds (Annual) Tax Rate The federal federal allowance for Over 65 years of age Single Filer in 2021 is $ 1,350.00 Virginia Residents State Income Tax Tables for Single Filers in 2021 The federal standard deduction for a Single Filer in 2021 is $ 12,550.00. This alignment with the federal system underscores the importance of being well-informed about federal tax laws and changes, as these directly and exclusively influence your tax responsibilities in Virginia. For individuals and businesses in Virginia, these Federal Tax Tables become the sole reference point for understanding how much tax is due on their income. They provide the necessary brackets and rates that will define your tax obligations. Given that the state adheres strictly to the Federal Income Tax system and does not levy its own income tax, these tables are the primary, and indeed only, guide to your income tax calculations for Virginia in 2024. Federal Income Tax Tables in 2021Īs you review the Federal Income Tax tables presented here, it's crucial to understand their heightened significance for taxpayers in Virginia. This unique approach simplifies the tax calculation process, as you only need to refer to the Federal Tax Tables to understand your tax responsibilities for 2024. This means that for residents or income earners in Virginia, their tax obligations and 2025 tax return are determined entirely by the federal tax brackets and rates, without any additional state-level income tax considerations. Instead, all income tax calculations for the year 2021 are based solely on the Federal Income Tax system. Federal Retirement Plan Thresholds in 2021Īs you navigate through the tax information for 2021 on this page, it's important to note that Virginia does not impose its own income tax.Marketplace facilitators may obtain a waiver from the collection requirement for a marketplace seller that already has nexus with Virginia, or that establishes economic nexus after July 1, 2019. The threshold refers to all Virginia sales made through the marketplace - its own and third-party sales. Marketplace facilitators who contract with a marketplace seller to facilitate the sale of their products in Virginia through a physical or electronic marketplace such as Amazon or Etsy and have more than $100,000 in gross revenue or 200 or more transactions in the commonwealth must collect and remit sales and use tax on all marketplace transactions. Numerous services are also subject to sales and use tax. Tax is imposed on the retail sale, lease or rental of tangible personal property in Virginia, or the use or consumption of tangible personal property in Virginia. Depending on local municipalities, the total tax rate can be as high as 7%.

The Virginia (VA) state sales tax rate is currently 4.3%.

Virginia income tax brackets 2021