What is my tax bracket?

Your tax bracket will vary depending on your income and filing status. In Virginia, there are five tax brackets: 0%, 2%, 3%, 4%, and 5.3%. If you are filing as single in Virginia, and your income is $0-$3,000 per year, your tax bracket is 0%. For incomes ranging from $3,001-$5,000 per year, the tax rate is 2%. If your income is between $5,001-$17,000, the tax rate is 3%. For incomes ranging from $17,001-$45,000, the tax rate is 4%. Finally, if your income is above $45,001, the tax rate is 5.3%. If you are married filing jointly in Virginia, and your income is $0-$6,000, your tax bracket is 0%. For incomes ranging from $6,001-$10,000, the tax rate is 2%. If your income is between $10,001-$34,000, the tax rate is 3%. For incomes ranging from $34,001-$90,000, the tax rate is 4%. Finally, if your income is above $90,001, the tax rate is 5.3%. It is important to keep in mind that this is a general overview of the tax brackets in Virginia. Your actual tax bracket may differ depending on your income, filing status, and other factors. Consult with a qualified tax expert or tax attorney to determine your exact tax bracket.

Related FAQs

What is the Inheritance Tax?
What is the Social Security tax rate?
What is my tax bracket?
What is a tax return?
Are medical expenses tax deductible?
What are my options for filing taxes electronically?
Is my gambling winnings taxable?
What forms do I need to file an extension?
Are there any limits on the deductions I can take?
What are the benefits of filing taxes early?

What is my tax bracket?

Related FAQs

Related Blog Posts